THE MIDDLE EAST’S

5. PayTabs Group

Description: Payment solutions company
Headquarters: Saudi Arabia
Date of Establishment: 2014
Group CEO & Founder: Abdulaziz Al Jouf

PayTabs provides the infrastructure for B2B payment solutions, including digital invoicing, QR code payments, social media payments, point of sale, and switching and orchestration payment platforms for government projects. In 2023, PayTabs expanded into card issuance, allowing banks, enterprises, and corporates to issue cobranded pre-paid Visa, MasterCard, and debit cards. Today, it operates in Saudi Arabia, the U.A.E., Egypt, Jordan, Oman, Türkiye, Iraq, Kuwait, Azerbaijan, and India. With over 300,000 app downloads and 1.2 million merchants, PayTabs processed transactions worth $10 billion in 2023. In 2024, the company plans to expand its social commerce product into the Levant and extend its payment gateway product into Türkiye and Azerbaijan.