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KSA PayTabs Introduces Issuance Service

The Saudi Arabian-based fintech platform features new service for issuing secure prepaid cards targeting companies and institutions in the region

By Inc.Arabia Staff
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The Saudi Arabian-based fintech platform PayTabs announced the launch of the PayTabs Issuance service for issuing secure prepaid cards targeting companies and institutions in the region, as per a press release.[1]

It is specially made to provide any kind of business with a smooth solution that covers receiving, processing, issuing, and managing payments.

PayTabs Group is a Saudi-based payments solution platform that was founded in 2014 by Saudi entrepreneur Abdulaziz Al Jouf. The platform, which has offices in Saudi Arabia and the UAE, processes transactions for merchants and super merchants in different currencies.

PayTabs has so far raised a total of $25.3M in funding over 2 rounds. Their latest funding was raised on Aug 21, 2017 from a Series B round.

Saudi Aramco and Saudi Aramco Entrepreneurship Ventures are the most recent investors.

PayTabs has also acquired 2 organizations. Their most recent acquisition was OGS PayLab on May 22, 2023.

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