PayTabs Group, a leading payment orchestration company in MENA, has announced the successful acquisition of a majority stake in PayTabs Egypt, further enhancing its position in the digital payments sector. This strategic acquisition will allow PayTabs to offer more tailored solutions, drive financial inclusion, and expand its regional presence in Egypt.
Abdulaziz Al Jouf, CEO and Founder of PayTabs Group, expressed excitement about the acquisition, noting that it will streamline operations and improve value for local businesses, government initiatives, and consumers. The move aligns with PayTabs’ long-term strategy to reinforce its leadership position in Egypt’s growing digital economy and transition towards a cashless society.
The acquisition follows a successful partnership with EFG Holdings, marking a new chapter for PayTabs in Egypt. This step will enable PayTabs to focus more on advancing technology solutions, improving financial accessibility, and expanding product offerings for Egyptian businesses.
PayTabs continues to work closely with stakeholders, regulators, and partners to support Egypt’s digital economy and contribute to the growth of the nation’s financial ecosystem. The company is committed to offering secure, seamless payment solutions that help businesses thrive.
This move comes amid speculation of a potential IPO for PayTabs Group, which has been actively expanding its fintech solutions across MENA. The company’s acquisition of PayTabs Egypt reinforces its role as a key player in digital payment services.
About PayTabs
Founded in 2014 by Saudi entrepreneur Abdulaziz Al Jouf, PayTabs provides secure, scalable, and innovative digital payment solutions to drive local commerce and financial inclusion in the region. The company has expanded its offerings to include mobile applications, POS systems, social media payments, and e-commerce solutions for businesses, governments, and merchants across MENA and beyond.
