PayTabs Group partners with Fintech Galaxy to revolutionize GCC’s fintech.

January 22, 2024
1 min read

PayTabs Group, a payment solutions provider, has partnered with Fintech Galaxy to bring payment orchestration and open banking solutions to the fintech space in the GCC region. The partnership will start by offering services in Saudi Arabia and the UAE before expanding to other markets in the Middle East and North Africa. PayTabs’ payment orchestration infrastructure will be integrated with Fintech Galaxy’s Open Banking capabilities to enable streamlined account verification, fast payouts, and point-of-sale lending for SMEs and enterprises. The collaboration aims to enhance the user experience and adhere to evolving Open Banking regulations in the region. PayTabs also plans to use Fintech Galaxy’s platform to facilitate secure and efficient payout transactions and explore POS-based lending for SMEs. The strategic partnership is set to position both companies as leaders in fintech innovation and regulatory changes in the MENA region.

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