PayTabs Group, MENA’s award-winning payment orchestration powerhouse, today, announced the launch of PayTabs Issuance — secure prepaid card issuing solutions aimed at scaling business operations, regionally. As explained by PayTabs Group CEO and founder, Abdulaziz Al Jouf, “The issuing market is an exponential market, and the Middle East is moving aggressively to digitize cash in the region, while in Africa, the market is progressing towards building a strong card base-dominated economy.”
Entering into a global cards market, valued at $524.9 billion in 2022 and projected to reach $1.2 trillion by 2032 (according to Allied Market Research) and growing at a CAGR of 8.8% from 2023 to 2032, is something that PayTabs has planned, as part of growing its orchestration platform.
PayTabs Issuance, armed with its own IP and built on globally acquired expertise, is poised to be a game changer in the fintech industry. It is custom designed to empower any business with a seamless solution, which includes acquiring, issuing, managing, and controlling payments. Picture this: a dynamic orchestration platform that empowers banks, retailers, and corporate giants to issue co-branded Visa, MasterCard, and debit cards along with other local cards in multiple currencies. It’s a move destined to redefine payment processing dynamics. The ultimate objective of the PayTabs orchestration platform is to empower any company, across any market, to become standalone and self-reliant in terms of payment processing technology. PayTabs’ acquiring and issuing orchestration platforms aim to deliver fintech strategies for any enterprise and create a new line of revenue, with zero hassle of building or adapting multiple technology platforms from multiple vendors.
PayTabs Issuance is aimed at simplifying the complexity and cost barriers that often hinder prepaid card issuance. Think streamlined solutions, effortless processes, and true innovation. Powered by the force of Banking as a Service (BaaS), PayTabs Issuance is strategically armed with globally acquired expertise, proprietary technology, and an acute understanding of the entire card issuance lifecycle. From concept to optimization, it’s about driving success through data-driven insights and simplifying the journey for businesses. PayTabs Issuance is about crafting, customizing, and overseeing multiple programs across borders, giving brand owners the freedom to focus on core customer experiences and their business expansion plans.
PayTabs’ pioneering technology in card issuance is a customized fit for entities and users across markets who can offer a range of card functions to suit their business model. The PayTabs Issuance orchestration platform offers partners the power and flexibility to scale to new heights to achieve industry domination.
About PayTabs
The PayTabs Group is an award-winning payments solutions powerhouse founded by Saudi entrepreneur Abdulaziz Al Jouf.
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