Financial technology startup Paymes merges with PayTabs

Paymes and PayTabs join forces to empower millions of merchants in the Middle East and North Africa region through social commerce solutions…
Paymes, the most-paid payment platform in Turkey that attracts attention with its investments and rewards, joins forces with PayTabs, the MENA region-leading payment and electronic money institute covering the Middle East and North Africa. . As part of the merger, Paymes Turkey Office will become PayTabs’s Eurasian Operations Management Center, while it will serve PayTabs offices in the MENA region for its socially traded products under the Paymes brand and will supply its products throughout the EMEA region. Statisca, on the other hand, forecasts that the value of social commerce sales will reach approximately $ 2.9 trillion by 2026. Following the merger of Paymes and PayTabs, teams will begin launching products for PayTabs offices in 2022 in order to capture the majority of the micro-vendor market share.

PayTabs, MENA Region Payment Solutions Leader
PayTabs, the award-winning, leading payment and e-money organization in the MENA region, has been providing game changes to online, mobile and social commerce payment solutions for small and medium-sized businesses and e-commerce businesses since its inception. PayTabs offers services in multiple currencies, focused on payments, securely and smoothly. Using API add-ons, PayTabs is known for its B2B and e-commerce solutions, which work seamlessly for merchants by “setting up and launching” payment features on websites or online stores. Sellers can log in to the system in real time and start an e-commerce business in a matter of hours. PayTabs also offers digital invoicing services that allow businesses to pay using electronic invoices, QR codes and social media payment links. In 2021, PayTabs launched the PT Touch, the first soft POS solution on the MENA market that turns smartphones into a point of sale (POS).

We will work to achieve financial freedom around the world
Paymes co-founder Sabrik Zaim said they were excited about the global competition for new products on the market in Eurasia, the Middle East and North Africa. , PayTabs, one of the leading payment institutions in the MENA region, we have joined forces. As a global brand, we are preparing to compete with all of our valued competitors in Turkey and Azerbaijan, as well as with the five largest Fintech companies globally. With our new Eurasia operation plan, which includes Turkey’s current office, we will be activating our services in many countries. In this regard, we will work with our offices operating in the EMEA region and with our counterparts from many nationalities to provide financial freedom around the world, regardless of institution / individual difference. ” He says.

Abdulaziz Al Jouf, Founder and CEO of PayTabs, said: “We are defining our merger with Paymes as a great opportunity to expand our reach in financial technology. We will create the future of payment technologies with the global synergy we have created with Paymes. In line with our mission to help develop the e-commerce economy globally, we will facilitate digital payments for millions of businesses and merchants.

We will support the EMEA region in Turkey with our teams
Paymes co-founder Hasan Jabarov, who shared details of the merger on management and team issues, also made the following comments: “We have a significant power-sharing agreement with PayTabs. Under the contract, our responsibilities will be expanded in parallel with different regions, while our managerial titles will continue on the Paymes team. We will instruct our colleagues directly in PayTabs offices to manage processes related to Paymes products. We contribute to PayTabs with our new products in the field of social commerce that we have experience with. In 2022 we will continue to grow our fast growing team in Turkey and support the entire EMEA region in Turkey with our teams in technical, sales and business development points.

We have aggressively grown EMEA by joining forces in the market
Paymes co-founder Shehlem Akbulut also said the merger would lead to aggressive growth: “As Paymes, we are growing rapidly in our region and we are now expanding into the EMEA region by partnering with PayTabs. We believe that our growth strategies will accelerate this market. The combination of the strengths of the two leading companies in their respective regions will significantly improve the understanding of social commerce and enable us to serve new markets with a stronger structure. We will continue to develop social marketing with our new products in the EMEA region, both Turkey and Azerbaijan, and especially support women’s participation in the family economy through social marketing.

View full press release