Saudi-founded payment orchestration firm PayTabs Group has announced the full acquisition of TAPn’GO, a UAE-based contactless payment technology provider. The deal aims to integrate smartphone-based payment capabilities directly into PayTabs’ primary merchant application, creating a unified payment experience for businesses across the MENA region.
Quick Facts
- Acquired 100% of UAE-based TAPn’GO technology.
- Integrates smartphone payments into the PayTabs Super App.
- Over 20,000 regional businesses expected to adopt it.
Simplifying Payments Without New Hardware
The acquisition allows businesses in retail, hospitality, healthcare, and other sectors to offer digital checkouts without investing in additional hardware. By embedding TAPn’GO’s technology, PayTabs enables merchants to accept payments directly through their smartphones.
The system supports transactions across various cards and digital wallets, streamlining the point-of-sale process. This move is designed to simplify operations for merchants, reduce wait times, and improve the overall customer checkout experience.
Expanding the Super App Experience
This deal brings key transaction tools like bill splitting, tipping, and paperless receipts into the PayTabs ecosystem. By integrating these features, PayTabs strengthens its ‘Super App’ offering, providing a more comprehensive solution for its merchants. The platform synchronizes point-of-sale transactions and facilitates split payments, addressing common pain points for customers and businesses in the hospitality industry.
“This acquisition strengthens our position as a regional distribution hub, connecting business and consumers through a flawless and integrated payment experience, across industries, in real time,” said Abdulaziz Al Jouf, CEO and Founder of PayTabs Group.
Cyrille Picard, Founder of TAPn’GO, added, “With this versatile and dynamic move TAPn’GO as a PayTabs Group’s proprietary technology will contribute significantly to the region’s ongoing digital disruption, a win-win for all stakeholders involved.”
Tapping into a Growing Contactless Market
The acquisition comes as contactless payments in the MENA region are growing at approximately 25% annually. With real-time transactions projected to reach 3 billion by 2028, the deal positions PayTabs to capture a significant share of this expanding market. The value of the transaction remains undisclosed.
About PayTabs
Founded in 2014 by Saudi entrepreneur Abdulaziz Al Jouf, PayTabs is a payments infrastructure company providing payment solutions across the MENA region. The company processes transactions in multiple currencies and markets, offering services like digital invoicing, QR code payments, and point-of-sale solutions for a wide range of businesses, from SMEs to large enterprises and governments. PayTabs has offices in Saudi Arabia, the UAE, Egypt, and a presence in Jordan and Kuwait.
Source: Fintech News UAE
