In the News

A glimpse into our corporate profile, news stories and media partners

June 10, 2020

The Perks of Entrepreneurship

There are certainly many entrepreneurs who have become incredibly successful in their own right: Jeff Bezos, Mark Zuckerberg, or Saudi Arabia’s Abdul Aziz Al-Jouf, CEO and founder of the payment processing company PayTabs. These individuals are testament to the personal success that an entrepreneur can achieve. But the true impact of entrepreneurship goes beyond one…

June 10, 2020

Going 100% Cashless with Kiwe

While ordering a cup of coffee in 2018, Fatma Khalifa found herself in an all-too familiar situation; she had left her wallet at home. She quickly called her brother Mohamed to come rescue her from the situation and pay the check. On the awkward ride home, the siblings kept thinking of all the different ways…

June 10, 2020

Q&A: An Interview with PayTabs

They say necessity is the mother of all invention. This statement rings true with the story behind PayTabs and its dynamic founder, Saudi entrepreneur, Abdulaziz Al Jouf. Born on a Starbucks napkin, PayTabs is a secure, trusted payment gateway for all types of transaction processing. What started as a Saudi-born startup, has become a global…

March 14, 2020

Top 10 Fintech startups in Middle East and UAE

Author: Fintechnews Middle East As the Fintech industry continues to rise – particularly in the Middle East and UAE, which saw over 100 Fintech firms registered by the DIFC in 2019 – we countdown the top fintech organisations in the region based on funds raised and the company’s scalability. Click here to read more

December 29, 2019

MENA Fintech Startup Funding Report and Map

Author: Fintechnews Middle East Fintech is booming in the Middle East and North Africa (MENA), now representing one of the hottest industries in the region, according to a new report by investment data platform Magnitt and the Abu Dhabi Global Market (ADGM) international financial center. Since 2015, a total of US$237 million has been invested…

December 18, 2019

GIB hosts Fintech Saudi event at bank’s Al Khobar Innovation Centre

Author: Gulf Today Staff GIB Saudi Arabia recently hosted ‘Digital Banking 4.0 – the new frontier’ event as part of the Fintech Tour 19. The event took place at GIB’s Innovation Centre located at its new offices in Al Khobar, Saudi Arabia. Click here to read more

November 20, 2019

FinTech Tour 19 to take place between 1st December & 12th December 2019 across Saudi Arabia and the GCC

Author: STARTUP MGZN Staff FinTech Tour 19, organized by FinTech Saudi, is a cluster of events and activities hosted by FinTech Saudi’s Partners across Saudi Arabia and the GCC. FinTech Tour 19 will take place between 1st December and 12th December 2019 focusing on the core themes of “Spreading FinTech Knowledge” and “Accelerating FinTech Entrepreneurship”….

October 27, 2019

Fintech industry poised for rapid growth in Mena

Author: Satish Kanady With digitalisation of financial services happening at an unprecedented pace in the Mena region, Fintech industry is seeing an immense growth in the region. From payments, banking, financial advisory, capital market and insurance, artificial intelligence (AI), data analytics, cloud and blockchain have reimagined the financial services sector in the region resulting in…

August 4, 2019

Opinion: Why there is no top FinTech hub in MENA yet?

Author: AA FinTech, as an industry and as a technological solution in this information age of ours, is in the process of taking the world by storm. This point has been made many times in the business press and beyond, so as to hammer home the fact that the rise of the fintech industry will…

July 29, 2019

Payoneer On The Hunt For India Lender Partner

Author: PYments Cross-border B2B payments firm Payoneer has inked a new collaboration with Saudi-based payments processing company PayTabs. Reports in The Hindu Business Line on Friday (July 26) said the companies are collaborating on a solution for B2B vendors selling on proprietary websites, rather than large online marketplaces, to integrate a payment gateway and receive…

July 26, 2019

Cross-border B2B fintech firm Payoneer ties up with PayTabs

Author: KR Srivats Small and medium businesses (SMBs) and service providers from India selling goods or services through their own websites to customers abroad now have a seamless way to collect and move the payments. Click here to read full story

July 11, 2019

Introducing a snappier way to pay!

Saudi Digital Payments Company (STC Pay) signed an agreement with Paytabs to offer digital payment solutions. Source

June 27, 2019

Top 40 Fintech influencers to follow in the Middle East

Author: TMS Staff Over the last couple of years, several changes in technology have an impact on financial and banking services as well. Now everyone is aware of the term FinTech which means usage of technology in the financial sector. Definitely, fintech influencers had their piece of share in making fintech an enormous thing by…

April 27, 2019

Abdul Aziz Al-Jouf, founder and CEO of the Saudi payment processing company PayTabs

Author: Arab News Staff Abdul Aziz Al-Jouf has been the CEO and founder of the ground-breaking Saudi payment processing company PayTabs since November 2013. A serial entrepreneur and self-confessed risk-taker Al-Jouf, along with his highly successful PayTabs business, has received numerous accolades and awards. Read full story

April 21, 2019

PayTabs, the Online Payment Solutions Partner at BTX Show KSA

Author: EN Staff PayTabs joins BTX Saudi Arabia Edition 2019 as the online payment solutions partner to be held on 23rd April 2019 at The Al Faisaliah Hotels, Riyadh. PayTabs is an innovative payment processing and fraud prevention company, built to provide buyers and sellers an advanced technology to pay and get paid. PayTabs is…

April 2, 2019

Zoho One for Startups program launched in Saudi Arabia

Author: SG Staff RIYADH — ZOHO, the operating system for business – a single online platform capable of running an entire business – has launched Zoho One for Startups program in the Kingdom of Saudi Arabia. The aim of the program is to help startups focus on building a profitable business from the ground up…

March 21, 2019

UAE is the fastest growing region: Zoho

Zoho launches Arabic website, integrates with local payment gateway PayTabs to support businesses in the GCC region. Zoho, a global provider of cloud-based business software, today announced its plans for expanding and reinforcing its presence in the UAE and GCC region. The announcement was made on the sidelines of the company’s annual user conference, Zoholics…

March 14, 2019

Riyadh is going to be lit with these 8 awesome speakers that you want to check out at STEP Saudi

Author: Bayaan Al-A’abed Remember how awesome STEP 2019 was?! (Check out our coverage of Day 1 & Day 2). Well, what if we tell you it’s happening again, right next to you – just a causeway away from B-Town actually. You heard right, buckle up because STEP is coming to you in Riyadh on March…

February 27, 2019

Efma Middle East Regional Review 2019

From paper napkin to reality, our CEO & founder explains the growth of PayTabs in the EFMA MIDDLE EAST REGIONAL REVIEW 2019 Read full story

February 13, 2019

PayTabs – “A local Startup, Now Global”

Author: Aneesh Mathew Paytabs in partnership with Flat6Labs hosts a live demonstration of “local startup, now global” Read full story

December 5, 2018

Eight Saudi Entrepreneurs Paving The Future

Author: Entrepreneur ME Staff This year’s Arabnet Riyadh falls under the theme of “Rise of the Innovation Kingdom”. Thousands of digital business leaders, entrepreneurs and investors will gather in Riyadh on Dec 12-13, and will feature two events taking place simultaneously: ArabNet Riyadh for 1,000+ corporate executives and senior government leaders, and the Monsha’at Startup…

December 5, 2018

8 Of Saudi’s Most Inspiring Entrepreneurs Who Are Truly Paving The Future

Author: Shereen Ahmed Saudi Arabia has become such a business hub, especially in recent years. According to a report done through a study, the number of funds, co-working spaces, incubators and accelerators and entrepreneurship support organisations have grown TRIPLE in size. Read full story

November 21, 2018

Four firms from the Middle East make KPMG’s top 100 fintech list Firms from four Middle Eastern nations have made this year’s KMPG Fintech 100 list, with Bahrain, the UAE, Jordan and Israel represented among the world’s top established and emerging financial technology innovators. KPMG’s annual Fintech100 list, compiled in collaboration with fintech capital investors H2 Ventures, recognises the world’s leading innovators operating in the fintech…

October 31, 2018

Top 20 Fintech Startups In The Middle East

Authors: Jason Lasrado, Ranju Warrier, Ahmed Mabrouk  Fintech startups have created quite a buzz in the region, raising over $100 million in the last five years. Investment in this sector is well warranted, considering the fact that traditional banks have had limited success in the region, where 70% of the population do not even have…

August 14, 2018

The Impact Of The Middle East’s Fintech Boom On Economic Inequality In The Region

Author: Sarah Willis Recently, a collection of social enterprise and entrepreneurship experts convened at Amity University in Dubai for the second annual National Treasure Conference, a gathering focused on the role that socially responsible for-profit ventures should play in achieving the Sustainable Development Goals set by the United Nations in 2015. One conversation that was…

June 10, 2018

UAE businesses should focus on value more than profit, says PayTabs chief

Author: Lubna Hamdan Abdulaziz Al Jouf urged entrepreneurs to balance value and profit in order to scale successfully Business owners who focus more on profit than on value will ultimately fail, according to the CEO of Saudi-based payment solutions company PayTabs. Speaking to Arabian Business, Abdulaziz Al Jouf urged entrepreneurs to balance the two factors…

June 9, 2018

How Bahrain is taking on the fintech challenge

Author: Bernd Debusmann Jr For decades, tiny Bahrain – population 1.5 million – has punched above its weight in the banking and financial services industry, rivalled only relatively recently in the Gulf by regional powerhouse Dubai. But rather than rest on its laurels, the small Gulf kingdom is striving to be on the cutting edge…

June 8, 2018

‘Cryptocurrency is here to stay’ says PayTabs founder

Author: Lubna Hamdan Saudi-based fintech company to speed up remittance through cryptocurrency Abdulaziz Al Jouf, CEO of Saudi-based digital payment solutions company PayTabs. Despite remaining widely unregulated and highly volatile, cryptocurrency will continue to be used, according to the CEO of Saudi-based digital payment solutions company PayTabs. Speaking to Arabian Business, Abdulaziz Al Jouf said…

June 8, 2018

Saudi’s PayTabs: Is this the future of banking?

Author: Lubna Hamdan Abdulaziz Al Jouf, CEO of Saudi-based payment solutions company PayTabs, is planning on using elements from cryptocurrency to blockchain and artificial intelligence to ease the payment processes ranging from remittances to SME bank transactions “I was always against working for someone else. I never wanted to be an employee.” It’s the reason…

June 5, 2018

Middle East SMEs need more support from banks, private sector, says PayTabs CEO

Author: Lubna Hamdan Abdulaziz Al Jouf says there has been ‘massive’ change in regional support towards SMEs, but that there remains much more to be done AbdulAziz Aljouf, CEO of Saudi-based digital payment solutions company PayTabs. SMEs in the MENA region require additional support from private and banking sectors, as opposed to governments, according to…

May 20, 2018

Startup MGZN: AbdulAziz Al-Jouf shares with us his journey of launching his startup PayTabs

Author: Bayan Al-A’abed Ever planned of opening a new business in Bahrain but the rumors of how bureaucratic and incredibly challenging it is to do that crawled up into your head and chased that awesome-life-changing idea away? Well, that’s why it’s our job as Startup MGZN to bring you some influential and inspirational people who…

May 15, 2018

Interview with Entrepreneur Middle East

PayTabs CEO Abdulaziz Al Jouf was interviewed by Entrepreneur Middle East during StartUp Bahrain week back in March. Click here to read more

May 8, 2018

Kuwait companies honoured at Arabian Business Achievement Awards

Author: Jeremy Lawrence Kuwait’s leading entrepreneurs and CEOs were honoured at the at Arabian Business Achievement Awards, which took place at Jumeirah Messilah Beach Hotel on May 6. The sixteen winners revealed the diversity of Kuwait’s business environment, with entrepreneurs, family heads, corporate CEOs and successful women all scooping the top honours. Finance honours Three awards…

April 11, 2018

Top Funded Startups Across 10 MENA Countries

Author: Sam Mahdavi The MENA startup scene has undergone a true transformation over the last 4 years – both in the number of deals and the amount invested. According to our 2017 Analytics report, the Compound Annual Growth Rate (CAGR) of investment (excluding investments in both Souq and Careem) was almost 75% between 2014 and…

March 29, 2018

Top 50 Fintech Influencers in Middle East

Author: Jeremy Lawrence The United Arab Emirates remains a hotspot for fintech to grow, closely followed by Jordan as per a recent Forbes report. Similar to the Financial Conduct Authority‘s Regulatory Sandbox in the United Kingdom, The Financial Services Regulatory Authority of the Abu Dhabi Global Market commissioned the first regulatory lab called ‘RegLab‘ which…

March 9, 2018

Will Bahrain-based PayTabs be able to Facilitate India’s Small and Medium Merchants?

Author: Aashika Jain As India is moving forward in the arena of alternate payment methods, a large number of international companies are making a beeline to leverage their payment networks. Bahrain-based PayTabs, a one of its kind payment platform which is available in 21 countries sees India as a huge potential market. The company is…

March 9, 2018

Saudi start-ups build a platform for innovation

Author: Aseel Bashraheel JEDDAH: Saudi Arabia is brimming with talent, creativity and the drive for innovation. Vision 2030, led by the Crown Prince Mohammed bin Salman, further corroborates the Kingdom’s support for aspiring youth and local businesses to thrive. These are six Saudi start-ups to look out for: YOUPOSITIVE YouPositive is an electronic platform founded…

March 6, 2018

Is Bahrain the region’s next innovation hub?

Author: Kathryn Semcow The government of Bahrain is expecting 2,500 entrepreneurs from around the region to gather in Manama for its first Start-Up Bahrain Week, which kicked off on Sunday. The event is part of an aggressive strategy by the Bahrain Economic Development Board (EDB) to turn Bahrain into a leading innovation hub for the…

February 21, 2018

EXCLUSIVE: Bahrain-based fintech achieves early success

Author: Jennifer Aguinaldo Paytabs’ payment gateway has acquired 19,000 merchants across 21 countries in three years Bahrain-based online payment gateway Paytabs has managed to onboard 4,000 new merchants in 2017, bringing its total customers to 19,000, according to Punit Dinesh Thakker, the Senior VP of Business Development. Such growth has triggered the company, founded in…

February 21, 2018

Bahrain FinTech Bay highlights launch with announcement of startups and founding partners

Author: Bahrain EDB Manama: Bahrain FinTech Bay (“BFB”), the largest Fintech hub in the Middle East & Africa, is pleased to announce its Founding Partners, coinciding with its launch today in Bahrain. BFB is the region’s largest fintech hub and will work with established industry leaders and new entrants from Bahrain, the region and around…

February 21, 2018

Zawya: Bahrain FinTech Bay highlights launch with announcement of startups and founding partners

Author: Zawya Manama, 21 February 2018: Bahrain FinTech Bay (“BFB”), the largest Fintech hub in the Middle East & Africa, is pleased to announce its Founding Partners, coinciding with its launch today in Bahrain. BFB is the region’s largest fintech hub and will work with established industry leaders and new entrants from Bahrain, the region…

February 8, 2018

‘Fintastic Bahrain Week’ from February 19 to 21

Author: The Daily Tribune Manama: The Bahrain Economic Development Board (EDB) announced the first Fintastic Bahrain Week from February 19 to 21. The week-long series of activities will bring together around 700 international and regional financial services experts to explore disruptive innovation across the industry. Hosting Fintastic Bahrain Week is part of the EDB’s efforts towards…

February 7, 2018

On A Fintech Drive

Author: Clifford Alvares How Bahrain is seeking to diversify its economy away from oil, and attract Indian and global fintech startups and entrepreneurs It is a good time to start something in fintech in Bahrain,” says Vinod Nagar, VP, Marketing, PayTabs. “So our founder Abdulaziz Aljouf thought Bahrain more cost effective and we got really…

January 16, 2018

MENA Startups Raised $560 Million In Funding Across 260 Deals In 2017, MAGNiTT Report Reveals

Author: Sindhu Hariharan MAGNiTT, a platform that tracks and reports developments in the MENA entrepreneurship space, starts 2018 by taking a look at the year gone by and how it treated the region’s startups. Releasing its annual State of MENA Funding report, MAGNiTT finds that in 2017, MENA’s startups attracted US$560 million of investment across…

December 18, 2017

Keeping tabs on digital payments

Author: Muhammad Riaz Usman Armed with a business degree, Abdulaziz Fahad Al Jouf left for the United States to pursue a second bachelor’s degree. He searched for an economical school in the US and landed in Missouri where he studied software engineering at the University of Missouri-Kansas City. During that time, he founded the first…

December 11, 2017

Fintech Is The New Oil In The Middle East And North Africa

Author: Jennifer Aguinaldo In the Middle East and North Africa (MENA), the financial technology sector, or fintech, is coming of age with regulators and governments across the region thinking more deeply about the impact that fintech companies will have on the broader economy. Over the past decade, fintech startups in the region have raised over…

October 12, 2017

The Top Five GCC Startups to Watch Out For

Author: Red Herring The Middle East has risen, in a short space of time, from a digital backwater to a region of immense tech promise. The Gulf Cooperation Council (GCC) sits atop its valued metrics. The GCC was formally established in 1981, and includes all the Arab nations of the Persian Gulf except Iraq: Saudi…

August 20, 2017

The 4th Revive Sharqiya Focuses on Fintech

Author: Endeavor SA Endeavor Saudi Arabia, August 19th, 2017 – Saudi entrepreneurs and experts in Fintech discussed the future of technology in financial services during the 4th edition of #ReviveSharqiya meetup. The event was organized by Endeavor Saudi Arabia, Wamda and Global Shapers Khobar Hub, part of the World Economic Forum community, and took place at Al…

August 7, 2017

Exclusive: Q&A with CEO of Paytabs AbdulAziz Aljouf

Author: Tarek Ali Ahmed Al Arabiya English exclusively interviewed PayTabs Chief Executive Officer Abdulaziz F. AlJouf for his contributions to ecommerce in the Arab world. PayTabs is economy payment processing and fraud prevention company built to provide buyers and sellers an advanced technology to pay and get paid according to the company’s website. The company…

December 13, 2016

This Middle Eastern Startup Is Getting Big In India

Author: Regina Mihindukulasuriya The need to fight fraud online came when PayTabs founder Abdulaziz Aljouf saw millions of money wiped out from an account. There were probably some tears involved too. What’s special about PayTabs is not that it comes from a relatively small gulf nation or that most of its market is in the…

December 13, 2016

Mideast-based PayTabs to venture to S-E Asia next year

MANAMA, BAHRAIN: PayTabs, a premier gateway solution company in the Middle East, plans to venture into South-East Asia next year. Founder and chief executive officer Abdulaziz F. Al Jouf said the expansion into 10 countries in the region, including Malaysia, Singapore and Myanmar, is aimed at small and medium enterprises (SMEs). “We are not just…

November 9, 2014

Why Saudi Aramco Entrepreneurship Center, Wa’ed, Invested in PayTabs

Wa’ed Equity advocates an approach that differs from typical Venture Capital functions that focus exclusively on one objective: profit. At Wa’ed Equity, the focus is not only on profit, but also on the creation of quality jobs and economic diversification in the region. Therefore, it is a Venture Capital function with a multinational agenda supporting…

July 14, 2014

PayTabs solution to boost e-commerce in Mideast – Published at Trade Arabia

PayTabs, a payment processing solution company co-owned by Saudi Aramco Entrepreneurship Ventures (Wa’ed), is set to launch its online