Riyadh - Sharikat Mubasher: PayTabs Group, the award-winning payment solutions powerhouse in MENA, launched its Saudi-built AI-powered payment orchestration platform, projected to cross SAR 325 billion in transaction processing shortly.
The launch of this enhanced payment orchestration platform reflects PayTabs’ pivotal role as a pioneering driver of financial inclusion and innovation in the region, the group announced in a statement today.
The AI-powered platform, engineered in Saudi Arabia over four months, aligns perfectly with the Kingdom’s bold vision for global AI leadership and reinforces PayTabs’ vision to set the standards for AI adoption in the fintech industry across the region.
PayTabs also launched the AI Payment Acceptance Booster project to minimize transaction declines and initiated a Data Warehouse project to deliver real-time financial insights and risk management as a service.
To further drive AI innovation, PayTabs launched the PayTabs Moderator Platform, a custom-built, AI orchestration layer designed exclusively for banks, financial institutions, and large-scale corporations to help drive their efficiency.
This orchestration layer delivers unified control over the payment ecosystem through plug-and-play APIs and secure local hosting in Saudi Arabia, ensuring unmatched efficiency, visibility, and compliance for the financial sector and other vital industries that drive the region’s economy.
Commenting on these milestones, CEO and Founder Abdulaziz Al Jouf said: “The launch of our Saudi-built, AI-powered payment orchestration platform represents a bold step forward, not just for PayTabs but for Saudi Arabia’s vision of AI leadership. With scalable AI-powered infrastructure, PayTabs is poised to deliver Saudi technology across emerging markets, equipping businesses and financial institutions with the agility to compete globally.”
This AI-driven approach positioned PayTabs well to become the go-to partner for financial institutions looking to leverage AI to scale efficiently. The group has successfully empowered various financial institutions and large corporates in the MENA, GCC, and CIS regions.
Over the next few months, PayTabs plans to expand its AI-powered services to over a million clients, fostering business growth in the digital economy.