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PayTabs Group Partners With Saudi Arabia-based Nearpay

PayTabs Group, MENA’s award-winning payment orchestration powerhouse had partnered with Nearpay, Saudi Arabia’s leading Payment Infrastructure as a Service fintech brand to offer users across Jordan and other PayTabs markets in the region, an elevated soft POS payment experience.

PayTabs Group, MENA’s award-winning payment orchestration powerhouse had partnered with Nearpay, Saudi Arabia’s leading Payment Infrastructure as a Service fintech brand to offer users across Jordan and other PayTabs markets in the region, an elevated soft POS payment experience.

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The collaboration aims to enhance the user experience of merchants and customers that use PayTabs Touch – PayTabs proprietary soft pos application across the region, including the MEPS FAST application in Jordan. As part of its payment orchestration platform, PayTabs soft POS technology is a modern leap in payment systems, seamlessly turning smartphones and tablets into swift payment terminals. This innovative solution streamlines transactions by ditching bulky hardware, empowering businesses of all scales to effortlessly process card payments.

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Commenting on the partnership with Nearpay, Eyad Musharbash, PayTabs Regional Head and Operating Partner for the LEVANT region said, “Two Saudi fintech brands are joining hands to power contactless payments the region. We are excited to collaborate with Nearpay to introduce this elevated Soft POS experience to our users. The integration of ‘Tap to Phone’ technology into PayTabs Touch will not only streamline payment processes for businesses but also offer millions of customers a modern and secure payment option.”

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With a user-friendly interface and robust encryption, it not only simplifies checkouts but also amplifies customer satisfaction. PayTabs soft POS technology enables merchants to conduct transactions anywhere, from bustling city squares to remote locations. This enhancement is set to redefine the landscape of mobile payment acceptance, offering friendly and efficient solutions for small and micro businesses. Businesses who sell out of a food cart, vendors running pop up shops or restaurants that offer table side bill payments are a key demographic for tap to phone payment acceptance. PayTabs Soft POS, known for its secure features and reliability, will now be powered by Nearpay’s state-of-the-art POS infrastructure. This advancement aligns with the growing trend towards contactless payments, providing a secure and convenient option for both merchants and customers. The focal point of this partnership is the integration of Nearpay’s innovative ‘Tap to Phone’ technology into the PayTabs Group Touch app.

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Mohammad Aleban, Nearpay CEO and co-founder added: “We’re excited about our partnership with PayTabs. Integrating Nearpay’s ‘Tap to Phone’ technology into PayTabs Touch is a game changer, streamlining payments for businesses and offering users a modern, secure option. This collaboration sets new standards for contactless payments, reflecting Nearpay’s commitment to transforming the payments landscape.”

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About Nearpay

Founded in 2020, Nearpay is a Saudi FinTech company specializing in payment infrastructure as a service (PIaaS). The company’s innovative Tap on Phone/Contactless payment infrastructure simplifies touchless payments, offering businesses a secure and seamless solution for accepting transactions.

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About PayTabs Group

Founded in 2014, The PayTabs Group founded by Saudi entrepreneur Abdulaziz Al Jouf. PayTabs Group processes transactions in multiple currencies and markets, swiftly and securely. By providing the infrastructure for B2B payment solutions PayTabs Group facilitates seamless e-commerce and social commerce solutions for merchants and super merchants.

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