Paytabs Acquires Turkey'S Largest Social Commerce Platform, Paymes
12/12/22, 4:04 AM
Industry
payments
fintech
e commerce
fintech
financial services
e commerce
PayTabs, Middle East, Africa, and South Asia's (MEASA's) award-winning payments powerhouse, in a power play announced that it had acquired a 100% stake in Paymes, Turkey's largest social commerce platform. The news of the acquisition comes just weeks after PayTabs acquired Saudi Arabia's Digital Pay in November 2022.
Company Info
Company info
PayTabs is an award-winning payments solutions powerhouse founded by Saudi entrepreneur Abdulaziz Al Jouf.
Having processed the first live payment gateway transaction in June 2014, today PayTabs processes transactions in multiple currencies and markets, swiftly and securely. Using API plugins, PayTabs facilitates seamless e-commerce, m-commerce, and social commerce solutions for merchants and super merchants to 'plug and play' payment features on to their websites.
Originally backed by Saudi Aramco's "Waed" and later by private investment, over the years, PayTabs has in-built and exported a full stack of game changing solutions. These include mobile applications, hospitality, governmental, education, airline, travel, transport, and biller solutions, to interlink the multi-billion-dollar enterprise market chain in the MENA region.