- The Group Announces Majority Stake Acquisition in PayTabs Egypt
- The Deal Aims to Support Financial Inclusion and Digital Transformation in Egypt
- The Agreement Supports Government Initiatives and Provides Integrated Payment Services for Consumers
PayTabs Group, a leading payments solutions provider in the Middle East and North Africa, has acquired a majority stake in PayTabs Egypt in an undisclosed deal.
This strategic acquisition underscores PayTabs’ commitment to accelerating digital transformation and enhancing financial inclusion in Egypt.
By securing full ownership, PayTabs strengthens its position in the Egyptian market, aiming to expand its digital payment services, introduce innovative solutions tailored to merchants’ needs, and foster a more dynamic business environment.
With complete operational control in Egypt, PayTabs is now poised to develop fully integrated payment solutions that align with the local market’s demands while extending its regional footprint.
Commenting on the acquisition, Abdulaziz Aljouf, Founder and CEO of PayTabs Group, stated that this move would streamline operations and enhance the value delivered to local businesses, government initiatives, and consumers alike.
“We remain deeply committed to the future of digital payments in Egypt, with an even stronger focus on innovation and customer-centric solutions,” he added.
While PayTabs and EFG Holdings have previously enjoyed a successful partnership, this acquisition marks a new chapter, allowing PayTabs to prioritize the development of its proprietary technology, expand its financial solutions, and further improve access to digital financial services across Egypt.
Founded in 2014 by Saudi entrepreneur Abdulaziz Aljouf, PayTabs has been dedicated to revolutionizing digital transactions across the region.
With an established presence in Saudi Arabia, the UAE, Jordan, and Egypt, the company continues to play a pivotal role in shaping the future of digital payments.
