Canada- and Morocco-based fintech PayTic has expanded into Saudi Arabia with market entry support from AstroLabs, targeting banks, fintechs, payment processors and enterprise merchants in the Kingdom.
PayTic develops AI-powered components for payment operations. The company said its platform helps reduce manual work and improve control across reconciliation, dispute management, card scheme compliance, interface monitoring, network fee management and payment data intelligence.
The expansion comes as Saudi Arabia continues to scale its digital payments ecosystem under its fintech and digital transformation strategies. PayTic said its Saudi offering is designed to help payment-led businesses manage rising transaction volumes and operational complexity more efficiently.
The company recently launched PayTic Intelligent Components and integrated Guppy, a payments-focused AI platform. According to the announcement, its components are deployed across more than 30 organisations in over 15 countries spanning Europe, MENA and North America.
PayTic is headquartered in Canada and Morocco, with operations offices in the UK, France and the UAE. Its regional expansion is aimed at supporting Saudi financial institutions and payment businesses as they build and operate larger digital payment systems.
Source: AstroLabs
