Paymes and PayTabs are collaborating to empower millions of merchants in the Middle East and North Africa region with social commerce solutions.
Paymes, the payment platform with the highest number of users in Turkey, attracting attention with the investments and awards it has received, joins forces with PayTabs, the leading payment and electronic money institution of the MENA Region, which covers the Middle East and North Africa. Within the scope of the merger, Paymes Turkey office became the management center of Eurasia operations of PayTabs. It will also serve PayTabs' offices in the MENA region with its products for social commerce under the Paymes brand, and in this direction, it will deliver its products to the entire EMEA Region. On the other hand, Statisca's projection shows that the value of social commerce sales will reach approximately US$2.9 trillion by 2026. Post-merger Paymes and PayTabs teams will set out to launch products for PayTabs offices in 2022, with the goal of capturing the majority share of the micro-sellers' market segment.
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PayTabs, MENA Region Payment Solutions Leader
PayTabs, the award-winning, leading payment and electronic money organization in the MENA Region, has been providing game-changing online, mobile and social commerce payment solutions for SMEs and e-commerce businesses since its establishment. PayTabs provides services in multiple currencies with a focus on payments, securely and seamlessly. Using API plug-ins, PayTabs stands out with its B2B and e-commerce solutions that work seamlessly with “set up and run” payment features for merchants on websites or online stores. Sellers can be included in the system in real time and can start their e-commerce business within hours. PayTabs also offers digital invoicing services that allow businesses to pay using electronic invoicing, QR code and social media payment links. In 2021, PayTabs launched PT Touch, the first soft POS solution in the MENA market that turns smartphones into a point-of-sale (POS) terminal.
Paymes Co-Founder Sabrican Zaim stated that they are excited to enter a global competition with the new products they will introduce to the market in Eurasia, the Middle East and North Africa regions:
Abdulaziz Al Jouf, Founder and CEO of PayTabs said:
Paymes Co-Founder Hasan Jabbarov, who shared the details of the merger on management and team issues, also makes the following assessments:
Paymes Co-Founder, Şehlem Akbulut, also stated that the merger will bring an aggressive growth and made the following statements:
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