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Press Releases

July 2, 2018

eFatoora Partners With PayTabs for End-to-End Payment Solutions in the UAE

DUBAI, United Arab Emirates, July 2, 2018 (Newswire.com) – ​eFatoora, a paperless solution using unique technology and smart contracts , has partnered with PayTabs, a Bahrain-based company that processes payments securely and efficiently, to deliver end-to-end payments in the UAE, collaborating to build a secure, seamless payment platform to enhance the user experience in the…

May 8, 2018

PayTabs: The Fintech Company of the Year

PayTabs acclaimed as the Fintech Company of the Year at the prestigious Arabian Business Achievement Awards 2018 Bahrain, 8 May 2018: When it’s a star-studded night, it’s only natural that some of those stars shine a light on the innovative brands that contribute most to industry and society. Which is why it was fitting that…

April 19, 2018

PayTabbers celebrate Health Day

Event held at PayTabs to coincide with World Health Day which falls on 7 April, annually Bahrain, April 2018: They say, ‘health is wealth’. And this theme resonated throughout PayTabs when the company hosted its’ first ever Health Day for employees. Employees were requested to dress in the signature colours for the day; shades of…

April 3, 2018

PayTabs CEO recognised as top Fintech influencer

CEO and founder of PayTabs, Abdulaziz Al Jouf recognised as premier influencer of Fintech in the region Bahrain: Paytabs, the region’s fastest growing payment processing firm today announced its’ CEO and founder, Abdulaziz Al Jouf was recognised by LATTICE80 as the man to ‘know and follow in the Middle East’s fintech sector’. LATTICE80 is a…

April 1, 2018

PayTabs awarded Asia’s best company to work for

PayTabs and PayTabers honoured with prestigious morale boosting award Bahrain, 1 April 2018: PayTabs, the one stop payment solutions firm today announced it had won the People’s Choice Award for the Best Company to work for in all of Asia. The award was handed out by officials from Smile-a-Minute Inc, in a sparkling event held…

March 6, 2018

Founding partner of Bahrain Fintech Bay

PayTabs to collaborate with the largest dedicated Fintech Hub in the Middle East and Africa Bahrain: As key officials from the Bahrain Economic Development Board and the Fintech Consortium kicked off the launch of Bahrain Fintech Bay on 21 February 2018, PayTabs, the one-stop payment solutions firm announced it would be one of the principal…

February 1, 2018

PayTabs clinches Best Global Online Payments Solution Award of 2017

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…

August 21, 2017

Leading fintech player PayTabs raises a US $20 million investment for its global expansion

PayTabs will create 4000+ opportunities in the next two years globally contributing to economic growth across several regions August 21, 2017 – Incorporated in the Kingdom of Saudi Arabia with head operations in the Kingdom of Bahrain, leading payment processor PayTabs raised a US$20 Million investment to support its products and global expansion. The expansion…

In the News

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 21, 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 9, 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…

February 4, 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…

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…

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 260 deals. This investment…

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…

April 27, 2017

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

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…

Videos

Magazines

When PayTabs CEO and founder Abdulaziz Al Jouf was featured on the cover:

ARABIAN BUSINESS – Issue #23
June 10 – 16, 2018

ROWAD – Issue #17
Oct – Dec 2016

FORBES MIDDLE EAST
September – 2015

FORBES MIDDLE EAST – Issue #48
March 2015

FORBES MIDDLE EAST
Dec 2014

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