FinTech

 partnership between PayTabs and Near Pay to develop payment systems in Saudi Arabia

PayTabs, a financial technology and payment solutions group, has announced a partnership with NearPay, a developer of payment infrastructure systems in Saudi Arabia, to provide a contactless payment experience for users in Jordan and other markets where PayTabs operates in the region.

According to a joint press statement, the collaboration between the two companies aims to enhance the customer experience for users of the PayTabs Touch and MEPS FAST applications in Jordan.

The partnership will integrate NearPay’s modern payment infrastructure and NFC-enabled mobile devices into the PayTabs Touch app, turning them into mobile point-of-sale (mPOS) devices.

Commenting on the partnership, Iyad Masharbash, Regional Manager of PayTabs Group, said, “Two Saudi brands in the financial technology sector are collaborating to support contactless payments in the region.

We are excited to collaborate with NearPay to launch this pioneering experience in mobile point-of-sale for our users in Jordan and beyond.

Integrating the ‘Tap to Phone’ technology into PayTabs Touch will provide millions of customers with a modern and secure payment option.”

Meanwhile, Mohammed Al-Oyban, CEO and Co-founder of NearPay, stated, “We are excited about our partnership with PayTabs.

Integrating NearPay’s contactless payment technology into PayTabs Touch marks a new beginning for the concept of payments in Jordan, making it easier for businesses to accept payments and providing users with a modern and secure payment option.

This collaboration redefines the standards for contactless payments.”

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