PayTabs clinches Best Global Online Payments Solution Award of 2017

February 1, 2018

PayTabs has been conferred the best global online payments solution for 2017 for its revolutionary and innovative payment solutions in ecommerce

Mumbai:  Paytabs, headquartered in the Kingdom of Bahrain, reasserted its claim as one of the top payment processors by winning the “Best Global Online Payments Solution 2017” at the World Payment Congress held last week in India.

The felicitation ceremony, held at Taj Lands End in South Mumbai, was about honouring brands and thought leaders who are setting the agenda for the future – disrupting old processes and offering innovative solutions. It was about brands that are revolutionizing the way businesses are operating, generating jobs, enhancing workforce skills and changing perceptions.

The World Payment Congress recognizes players in the fintech industry who are converging to create the next level of possibilities in payments.

Against that framework, PayTabs has emerged a clear winner. Founded by Abdulaziz F Aljouf with the aim of revolutionizing online transactions and helping ecommerce thrive, especially in the Middle East and North Africa market, Paytabs has established itself as one of the leading payment processors of the world. Its main aim has been to help small and medium businesses make simple and secure online transactions, something which it has succeeded in achieving. Since 2014, Paytabs has grown from a start-up to one of the most respected Fintech multi-national companies operating in many markets, including India.

“At Paytabs, we are honoured to accept the Best Global Online Payments Solution of the year award. Coming from World Payment Congress, this prestigious award recognizes the hard work of our entire team. We are thankful to our customers who’ve walked with us through the years, and to our partners who made it possible for us to extend this solution to 17 countries. We look forward to making PayTabs a brand that people can use to build their businesses in the coming years,” said Punit Thakker, PayTabs VP Sales, who accepted the award on behalf of the company.

According to Paytabs VP Marketing, Vinod Nagar, keeping the focus on SMEs has proved to be a game-changer. “We have tried to use the best of technology to provide the most seamless experience. We have leveled the playing field between larger enterprises and SMEs creating a ‘Blue Ocean’ for merchants and their customers. Today, PayTabs allows users to create and send online invoices, use API plugin tools to integrate with websites and create online stores. PayTabs is quick to recognize local payment preferences and we adapt our system to mimic these effectively. This ensures that people don’t have to step out of their comfort zone to use PayTabs,” said Vinod.

The World Payment Congress Award marks the ­­­­4th accolade for PayTabs in as many years. In 2017, Paytabs raised 20 million US dollars to support international expansion of its products and services through advanced technology in 17 markets including the Middle East, North Africa, Southeast Asia and India, as well as several markets in Europe.

About PayTabs: PayTabs is a company that processes payments securely and efficiently. The company caters to small, medium and large enterprises via different business models. PayTabs offers clients services to seamlessly ‘plug and play’ various features on to their websites. It even creates instant online stores using a tool known as API plugins. It prides itself on offering simple invoicing services for merchants and professionals.

With a global presence and dedicated offices in Saudi Arabia, Bahrain, UAE, India and the Philippines, PayTabs is fast emerging as the preferred payment solution company for businesses globally.