PayTabs, a leading payment orchestration provider in the MENA region, has teamed up with Concept Combined Group Kuwait to introduce PayTabs Kuwait, a new initiative aimed at expanding digital payment services in the country. As part of this collaboration, PayTabs will roll out its Advanced Payments Solutions (APS) under the PayTabs Kuwait brand, providing a variety of payment solutions for businesses in Kuwait.
Concept Combined Group Kuwait, a business conglomerate with expertise in telecom services, IT solutions, and retail, will assist in the deployment of PayTabs’ payment technology across the nation. This partnership follows the successful testing of PayTabs’ services in the local market and is designed to address the growing demand for advanced payment solutions in the region.
PayTabs Kuwait aims to offer secure payment processing tools tailored specifically to Kuwait’s small and medium-sized enterprises (SMEs), which contribute 22% to the country’s GDP. The new initiative seeks to fill the gap in local payment services, providing businesses with the infrastructure to manage transactions securely and efficiently.
Looking to the Future
The collaboration aligns with Kuwait’s economic vision, particularly the ‘New Kuwait 2035’ strategy, which focuses on diversifying the economy and enhancing the country’s digital infrastructure. PayTabs Kuwait will offer features like open banking integrations and digital wallets, helping businesses meet evolving consumer expectations and drive digital transformation in the local market.
This partnership marks a significant step toward improving Kuwait’s digital payments ecosystem, as the demand for innovative financial solutions rises but remains underserved by current providers.
