PayTabs is an award winning, payments solutions powerhouse. The global payments transaction enabler and payment processing company caters to freelancers, start-ups, SME’s, enterprises, financial institutions, and the connected commerce market by empowering merchants and super merchants with online, mobile, social, and next generation payment solutions.
It was established in 2014 by Saudi entrepreneur Abdulaziz Al Jouf as he sketched the concept of an affordable payment gateway platform for investors. His objective was to assist merchants that wanted a secure online payments solution but did not want to navigate through the complex maze of obtaining one.
This “napkin idea” ingenuity caught the attention of premier institutions in Saudi Arabia and soon PayTabs was officially taken under the wing of Saudi Aramco’s ‘Wa’ed’ entrepreneurship programme.
PayTabs then gained momentum, processing payments securely, and efficiently in multiple currencies and markets. PayTabs offers ecommerce websites seamless integration with API plugins and offers e-invoicing, QR code, and secure social media payment link solutions for merchants, and professionals. In 2022, PayTabs launched its own social commerce platform, Paymes to cater to micro merchants and freelancers.
Backed by private investment, PayTabs has evolved from a home-grown payments company in the Kingdom of Saudi Arabia in 2014, to a regional GCC market player to an iconic payment processing giant with global presence.
Over the years, PayTabs has forged strategic partnerships worldwide. PayTabs has in-
built and exported a full stack of game changing mobile applications, hospitality, governmental, education, airline, travel, transport, and biller solutions, to interlink the multi-billion-dollar enterprise market chain in the MENA region.
In 2021, PayTabs launched PT Touch, the first soft POS solution in the MENA market to transform smart phones into merchant point of sale (POS) terminals. In 2022, PayTabs made a leapfrog move to pioneer next generation payments, by launching its home owned, globally validated unified payments and next generation transaction processing platform -PayTabs SwitchOn®.
A proven game changer in the global payments space, PayTabs has dedicated offices in the UAE and KSA and presence in many other locales including Egypt.
For more milestones visit https://site.paytabs.com/en/
It was established in 2014 by Saudi entrepreneur Abdulaziz Al Jouf as he sketched the concept of an affordable payment gateway platform for investors. His objective was to assist merchants that wanted a secure online payments solution but did not want to navigate through the complex maze of obtaining one.
This “napkin idea” ingenuity caught the attention of premier institutions in Saudi Arabia and soon PayTabs was officially taken under the wing of Saudi Aramco’s ‘Wa’ed’ entrepreneurship programme.
PayTabs then gained momentum, processing payments securely, and efficiently in multiple currencies and markets. PayTabs offers ecommerce websites seamless integration with API plugins and offers e-invoicing, QR code, and secure social media payment link solutions for merchants, and professionals. In 2022, PayTabs launched its own social commerce platform, Paymes to cater to micro merchants and freelancers.
Backed by private investment, PayTabs has evolved from a home-grown payments company in the Kingdom of Saudi Arabia in 2014, to a regional GCC market player to an iconic payment processing giant with global presence.
Over the years, PayTabs has forged strategic partnerships worldwide. PayTabs has in-
built and exported a full stack of game changing mobile applications, hospitality, governmental, education, airline, travel, transport, and biller solutions, to interlink the multi-billion-dollar enterprise market chain in the MENA region.
In 2021, PayTabs launched PT Touch, the first soft POS solution in the MENA market to transform smart phones into merchant point of sale (POS) terminals. In 2022, PayTabs made a leapfrog move to pioneer next generation payments, by launching its home owned, globally validated unified payments and next generation transaction processing platform -PayTabs SwitchOn®.
A proven game changer in the global payments space, PayTabs has dedicated offices in the UAE and KSA and presence in many other locales including Egypt.
For more milestones visit https://site.paytabs.com/en/
Location: United Arab Emirates, Dubai
Employees: 51-200
Phone: +971 4 557 8920
Total raised: $20M
Founded date: 2014
Investors 1
| Date | Name | Website |
| 16.11.2022 | StartersHu... | startershu... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 21.08.2017 | Series B | $20M | - |
Mentions in press and media 8
| Date | Title | Description |
| 25.03.2025 | Majority stake in PayTabs Egypt acquired by PayTabs Group | According to a recent press release, PayTabs Group has purchased a 51 percent share in PayTabs Egypt from EFG Finance, a division of EFG Holding. The deal is in line with the group’s long-term plan to support financial inclusion and digital... |
| 21.01.2025 | Egyptian fintech MoneyHash raises $5.2 million Pre-Series A from Flourish Ventures | MoneyHash, an Egyptian fintech startup that provides APIs to help businesses in Africa and the Middle East manage their online payments on a single platform, has raised $5.2 million in a pre-Series A funding round. MoneyHash will use the fu... |
| 02.12.2023 | Fintech PayTabs Launches Prepaid Card Services in MENA | Paytabs, a payment solutions provider in the MENA region, announced the launch of PayTabs Issuance — secure prepaid card issuing solutions aimed at scaling business operations regionally. Abdulaziz Al Jouf, CEO and founder of PayTabs Group,... |
| 23.05.2023 | PayTabs acquires OGS PayLab India, to deliver mada certified payment orchestration in the Kingdom of Saudi Arabia | As a Fintech enabler for the region, PayTabs’ mission is to simplify yet orchestrate a unified payments experience and value for key players in MENA’s payment eco system. News of PayTabs acquisition of OGS PayLab Chennai, India comes as Pay... |
| 22.05.2023 | PayTabs Acquires OGS PayLab India | PayTabs Group, a Saudi Arabia-based payments company, completed the acquisition of a 100% stake in OGS PayLab, a Chennai, India based service provider of transaction processing services, cloud payment solutions and electronic fund transfer ... |
| 13.12.2022 | Saudi Arabia-based PayTabs acquires Paymes | Saudi Arabia-based Middle East, Africa, and South Asia’s (MEASA’s) award-winning payments powerhouse PayTabs acquired Paymes. The company disclosed the acquisition on December 12, 2022. However, it did not disclose the amount of the transac... |
| 01.11.2022 | PayTabs & Digital Pay Merge to Champion Super Payments Platform | Under the terms of the acquisition, Digital Pay will serve as PayTabs flagship point of sale terminal product, enabling and augmenting millions of ecommerce and retail businesses as well as physical stores, hypermarkets, and departmental st... |
| 03.02.2022 | EFG Hermes E : ValU and PayTabs Egypt partner with Mazadat, Marking a First-of-Its-Kind Partnership Between the BNPL Player and the X2C Auctioning and E-Commerce Platform | valU and PayTabs Egypt partner with Mazadat, Marking a First-of-Its-Kind Partnership Between the BNPL Player and the X2C Auctioning and E-Commerce Platform The agreement between the BNPL player, payment gateway and the e-commerce platform a... |