PayTabs Group partners with Fintech Galaxy, making waves in collaboration

PayTabs Group has partnered with Fintech Galaxy to enhance the fintech sector in the Gulf Cooperation Council (GCC) region through payment orchestration and open banking solutions. The partnership will first be implemented in Saudi Arabia and the United Arab Emirates before expanding to other MENA markets. By integrating PayTabs’ payment orchestration platform with Fintech Galaxy’s open banking capabilities, the collaboration aims to streamline processes and provide solutions for SMEs and enterprises. The partnership will focus on account verification, account-to-account payments, and point-of-sale lending for SMEs. PayTabs also plans to enable secure and efficient payout transactions and comply with Saudi Arabian Monetary Authority regulations using Fintech Galaxy’s FINX platform. Abdulaziz Al Jouf, CEO and founder of PayTabs Group, expressed excitement about the partnership and their joint pursuit of excellence in fintech innovation and regulatory changes in the MENA region.