PayTabs opens account with Bubble Bash
Riyadh, July 30, 2014
PayTabs, a payment gateway solution provider, has now gone live with its first merchant - Bubble Bash, a newly launched company.
PayTabs provides a payment gateway solution to SMEs in the entire Mena region. As of now, the company is fully operational and caters to the entire GCC and the Mena region, said a statement.
With services like online invoicing, which is called PayPage and E-commerce Integration, PayTabs provides a one-stop shop for all payment processing needs.
"Thousands of people now use the internet to sell their goods in countries like Saudi Arabia, Bahrain and the UAE. These small-sized online merchants have long been in need of a secure and simple payments system so they no longer have to rely on cash on delivery," said the company.
"PayPage provides this service instantly. All the merchant has to do is send an invoice to the customer’s ID. The customer then receives the invoice and is able to pay securely with their credit card online. This service can be used with or without a website according to client needs," it said.
E-commerce integration on the other hand is a complete solution for all those merchants who are selling online using a website. It is a simple plug in ready to be installed and used on the website.
PayTabs is also in the process of developing and launching some more ventures such as an online shop builder.
The e-commerce market is untapped in the Middle East and is expected to reach an estimated figure of $15 billion by the end of 2015.
PayTabs is a company formed in 2013 and incorporated in Saudi Arabia. It is co-owned by Saudi Aramco Entrepreneurship Ventures (WA'ED). The company has 25 employees spread across three countries and is rapidly expanding.
Abdul Aziz AlJouf, the CEO of PayTabs, said: "We always wanted to target the SMEs and businesses like Bubble Bash which is the first of the many merchants who have joined PayTabs.” - TradeArabia News Service