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Celebrate Saudi Founding Day with PayTabs: Start Your Ecommerce Business with No Monthly Fees!

Category: PayTabs KSA

Celebrate Saudi Founding Day with PayTabs

Saudi Founding Day is a time to honor the rich history, culture, and achievements of the Kingdom of Saudi Arabia. As the nation celebrates its legacy, PayTabs is proud to support the vision of a thriving digital economy by empowering entrepreneurs like you to grow. This Founding Day, we’re offering an exclusive opportunity for aspiring ecommerce businesses in Saudi Arabia to take their first step toward success—with no monthly fees for 3 months!

Why Start Your Ecommerce Business This Saudi Founding Day?

The Kingdom of Saudi Arabia is rapidly becoming a hub for digital innovation and entrepreneurship. With a growing number of consumers shifting to online shopping, there’s never been a better time to launch your ecommerce business. Whether you’re selling handmade crafts, fashion, electronics, or services, PayTabs  payments will help your business succeed.

Our limited-time offer is designed to give you a head start by removing one of the biggest barriers to entry—monthly fees. From 20 February 2025, to 2 March 2025, customers from Saudi Arabia who sign up for a Payment Gateway solution from PayTabs  can enjoy no monthly fees for the first 3 months.

What’s in the Offer?

Here’s how PayTabs can help you grow your ecommerce business:

  1. Start Your Ecommerce Business with No Monthly Fees
    Launch your online store without worrying about monthly costs. Focus on building your brand while we handle the payment processing.
  2. Grow Your Business with Our Ecommerce Payment Gateway Solutions
    Our secure and seamless payment solutions are designed to help you accept payments from customers worldwide, ensuring a smooth shopping experience. At PayTabs, we understand the unique needs of businesses in Saudi Arabia. That’s why we offer a wide range of payment methods tailored to your customers’ preferences. Whether your customers prefer paying with:
  • Credit and Debit Cards (mada cards, Visa, MasterCard, American Express)
  • Digital Wallets (Apple Pay, UR pay and more.)
  • Split Payment options (Tabby, Tamara)

We’ve got you covered. By offering these flexible payment options, you can cater to a broader audience and increase your sales.

3.Seamless Integrations to Simplify Your Business

Starting an ecommerce business can feel overwhelming, but PayTabs makes it easy. We offer plug-and-play integrations with popular platforms like Shopify, WooCommerce, Magento, and more. Whether you’re building your store from scratch or migrating an existing one, our tools ensure a smooth setup process.

Key Details of the Offer

  • Eligibility: This offer is only applicable for new Payment Gateway merchant sign-ups from the Kingdom of Saudi Arabia.
  • Offer Period: 20 February 2025, to 2 March 2025.
  • Fee Waiver: Monthly fees will be waived for 3 months for successful sign-ups during the offer period.
  • Terms and Conditions: All PayTabs terms and conditions apply. This offer does not include other fees payable to PayTabs.

How to Get Started

  1. Visit PayTabs and sign up for a new Payment Gateway account.
  2. Complete the registration process and start building your ecommerce store.
  3. Enjoy no monthly fees for the first 3 months and watch your business grow!

Questions?

If you have any questions about this exclusive offer, feel free to reach out to our team at [email protected].

Celebrate Saudi Founding Day with PayTabs

This Saudi Founding Day, take the leap and turn your entrepreneurial dreams into reality. With PayTabs’ payment gateway solutions and our limited-time offer, you can start, grow, and scale your ecommerce business with confidence.

Don’t miss out on this opportunity to celebrate the Kingdom’s legacy by building your own success story. Sign up today and enjoy no monthly fees for 3 months!

Ready to start your ecommerce journey? Sign up with PayTabs today and take advantage of our exclusive Saudi Founding Day offer.

Accepting Saudi National Day Payments

Accepting Saudi National Day Payments

Saudi National Day is right around the corner and the patriotic fervor associated with it is already palpable everywhere in the country. Just like the previous years, this time too, green and white national flags, parades, happy people in traditional outfits, fireworks, and music will liven up the special day. And it will give everyone a chance to appreciate the significant strides made by the KSA towards achieving the ambitious Vision 2030 goal of increased economic, social, and cultural diversification.

Besides opening up to tourists from far and wide and investing in sports, the nation has been empowering women, fighting climate crisis, and promoting sustainability initiatives. To diversify the economy and reduce dependence on oil, Saudi Arabia has been investing in entertainment, technology, and renewable energy sectors too. In 2022, the nation was also recognized as the G20 economy with the fastest growth rate (8.7%). Hence, Saudi Arabian financial progress will be under laser focus this year.

So, this Saudi Arabia National Day, let’s delve into the milestones achieved recently in the financial sector and understand how the payments landscape is changing to drive success for businesses of all sizes.

Quick Look at Saudi Financial Sector Developments

As the Saudi National Day approaches, it is important to note that the country is investing in innovative technology as well as talent to build a resilient and dynamic financial environment. Advanced technologies like big data and artificial intelligence are being leveraged to help businesses of all kinds and sizes (especially small and medium enterprises and startups) to thrive.

Currently, 216 Fintech companies are active in KSA and there are over 6500 direct jobs in the sector. Moreover, venture capital investment in Fintech has exceeded SAR 6.9 billion. SAR 10 billion has been allocated to support SMEs across the country.

This Saudi National Day, payments-related innovations will be in the spotlight too as regulations and supervisory frameworks are being put in place to match international standards and trends. The country is also taking effective measures against financial frauds.

So, as a merchant, this Saudi Arabia National Day, it can help you to understand how the kingdom’s payments landscape is evolving.

KSA’s Digital Payments Landscape is Getting Smarter

One of the key Saudi financial sector developments in recent times is the advent of payment gateways. These help you to accept online payments safely, quickly, and efficiently. Payment gateway providers like PayTabs also offer orchestration services if you need to manage multiple processors, gateways, banks, and acquirers on a single platform and automate your payment ecosystem further. Since the transaction value in Saudi’s digital payments market is set to grow at a 8.06% annual rate by 2028, you need to be aware of what advanced payment gateways bring to the table and how you can capitalize on the same:

  • Secure: This National Day, Saudi Arabia will spend enthusiastically for sure but only on those ecommerce sites that are secure against cyberattacks. Luckily, top payment gateways are PCI DSS compliant and come with avant-garde authentication and encryption measures to protect sensitive data. And when customers trust your site, they order more and keep coming back for repeat purchases. Your brand image improves as well.
  • Easy to Integrate: You can integrate payment gateways easily with your online store and other applications or software solutions. And this can be done across different devices. You don’t need any technical knowledge or coding skills for the same.
  • Simplify Invoicing: Payment gateways in KSA have evolved to make invoice generation and sharing hassle-free. You can send digital invoices and reminders now via WhatsApp, email, SMS, social media channels, and even QR codes.
  • Offer Multiple Payment Modes: The best gateways allow you to offer various payment methods to shoppers, so they can choose easily and go through with the transaction instead of abandoning their carts. This means you can accept National Day Saudi payments via multiple channels and earn more than ever.
  • Support Multiple Currencies: Since leading payment gateways support a variety of currencies from around the world, you can conduct business with foreign customers or nationals located in foreign geographies easily. They can pay in their local currencies while you will be able to accept the payment in the home currency. This Saudi National Day, this gateway feature can help you sell and earn more.
  • Facilitate Repeat Billing: In case you offer subscription-based services, you can set up a recurrent payment process with modern gateways. This way, repeat billings and payments will be handled automatically.
  • Provide Data Analytics: Gateways in Saudi help you to analyze your entire payment ecosystem and derive actionable insights on consumer behavior, order volume, transaction frequency, payment mode, and other performance parameters. These data-backed insights allow you to make more informed decisions in the future.
  • Offer Technical Support: Accepting Saudi National Day payments or handling transactions on any other day for that matter is a breeze with the right gateway. In case of any technical glitch, you can reach out to the provider’s customer support team easily and solve the problem quickly. This way, you won’t have to worry about losing out on potential customers or sales due to downtime.

Gear Up for a Promising Saudi Arabia National Day

Now that you have a fair idea about the recent Saudi Arabian financial progress made, it is time to make the most of the various government initiatives, digital innovations, and investments available. As a business owner in KSA, the upcoming Saudi National Day is the perfect opportunity for you to join hands with a payment gateway provider like PayTabs and enjoy myriad services at attractive fees. A top payments infrastructure company in MENA, PayTabs is driven by the vision to power every digital transaction in the region and offer simple, secure, and scalable solutions for local commerce growth and financial inclusion. So, your time to shine is now!

The Saudi Fintech Tour

The Saudi Fintech Tour

Fintech is the short form of Financial Technology and is used to describe the use of technology for the purpose of facilitating financial transactions. However, it is not a new phenomenon as technology has been used by financial services for a long time. However, with the advent of internet and mobile use, the integration of technology and finance has reached a new level. Some of the most prominent examples of fintech products are Automatic Teller Machine or ATMs, mobile banking, Point of Sale machines and Credit Cards.

Fintech is making great strides in Saudi Arabia as people and businesses embrace the new changes. Fintech has received positive inducements from the rise in general economy and innovations in technology. This new trend has helped firms to grow their businesses by providing new services and products to their clients and other stakeholders. In order to ensure that fintech is fully adapted, it is important to create awareness among public and industries about fintech tools.

Evolution of Fintech

While there is no formal definition of fintech, it may be described as the application of technology for improving various financial activities. Thus, fintech may exist in the form of a business model, an application, a product or a process. Though, most of the time fintech involves use of internet, but it is not a necessary ingredient.

Fintech has seen steep increase in its usage and popularity since the mid-2000s. some of the main milestones in the journey of fintech are the launch of Apple iPhone in 2007 and the increased use of cloud computing. The launch of iPhone is a significant landmark as it heralded the era of smartphones. As smartphones became more commonplace and affordable, the use of internet banking also increased. This development allowed the financial services firms to target clients which were earlier inaccessible due to their geographic location.

Similarly, the developments in cloud computing area ensured that the financial services firms are able to store and transmit the data in a secure manner. For financial services, maintaining the integrity of sensitive data is highly important. It is also required to keep up prompt access to the data to provide fast and smooth services. All these prerequisites were facilitated by cloud computing.

Apart from these two factors, there are several other growth drivers, pushing the fintech market ahead. Today’s customers are less rigid about their financial services practices and are more amenable to using newer technologies. This willingness to embrace change made it easier for financial services firms to roll out new innovations. Further, the sector has seen interest from institutional investors as well. The injection of capital in the area allowed the firms to invest in research and development activities, ensuring that the newer technologies are developed at a fast pace. All these factors combined to make fintech mainstream in a short period of time.

About the Fintech Tour

Fintech Tour organized by Fintech Saudi is a cluster of events and activities hosted by Fintech Saudi’s partners to spread knowledge about fintech and support the development of fintech companies. To date, the Fintech Tour is the largest cluster of fintech events to take place in the Middle East.

Fintech Tour 19 will take place from 1st December – 12th December 2019 across Saudi Arabia and in selected international cities.

Themes this year are spreading fintech knowledge and accelerating fintech entrepreneurship

The Tour will consist of community events and workshops (open to everyone) organized in different cities by Fintech Saudi’s partners related to the themes. Fintech Tour 19 promises to be the most high-profile series of fintech events to take place in Saudi Arabia as it is an effective way to engage with the Fintech Community and other stakeholders.

About PayTabs

PayTabs is proud to be a part of the Saudi Fintech Tour, spreading knowledge about fintech. Join a workshop on the Future of Payments in KSA, presented by Ali Alshehri, Country Manager, PayTabs KSA. Register for the event here:

MEFTECH-KSA 2019 in Riyadh

MEFTECH-KSA 2019 in Riyadh

Explore the latest in the world of financial technology with MEFTECH-KSA 2019 in Riyadh

The e-commerce landscape in the Kingdom of Saudi Arabia has become more dynamic than ever before, and the credit goes to forward-thinking financial and technological institutions. The process of making and receiving payments online has especially become extremely advanced and convenient, helping local businesses in KSA to go global with ease. And as the longest running banking and financial technology event, MEFTECH-KSA 2019 will focus on e-commerce payment systems and more.

The MEFTECH-KSA 2019 event will see numerous governments departments, banks, and enterprises of various sizes come together to network, exchange knowledge and pave the way for better business opportunities. And, as one of the leading names in the world of online payment gateway providers in the GCC region, PayTabs will participate in this event as well. PayTabs is the first Saudi fintech company that is all set to disrupt the way e-commerce transactions are carried out, by offering unique advantages to both customers and merchants.

What is MEFTECH-KSA 2019 all about?  

MEFTECH-KSA 2019 will be held on 24th and 25th February in Riyadh, in partnership with SAMA, the prominent payment authority in KSA. Till date, MEFTECH has been able to draw more than 1000 technology providers and 8000 financial industry executives in Abu Dhabi, Dubai and Bahrain. The 2019 event will especially focus on the fast-changing payment scenario in the ecommerce and retail sectors in Saudi Arabia.

Industry leaders are expected to share thoughts and knowledge about the latest developments in the payments sector, and discuss game-changing technologies such as:

  • Mobile payments
  • Blockchain and digital currencies
  • Fintech vs. Banks
  • Cashless evolution
  • AI and machine learning
  • Authentication

Various programs such as conferences, open theatres and roundtable discussions will be conducted where entrepreneurs, disrupters and innovators will join hands to explore all things new and promising in the world of payments.

Why will PayTabs participate?

PayTabs is a new-age online payment gateway provider that makes online transactions smooth, fast and safe. We accept over 168 currencies and offer multiple payment modes to make the experience better for both merchants and customers. Our cutting-edge anti-fraud technology, ease of technical integration, and express checkout process are features that will help boost the e-commerce landscape in KSA like never before. At MEFTECH-KSA 2019, we intend to share our experience and ideas about how an efficient online payment gateway can help local businesses expand, improve sales, monitor transactions from anywhere and anytime, track performance and develop strategies for the long run.

Important details about MEFTECH-KSA 2019

The MEFTECH-KSA 2019 event will be held at the Four Seasons Hotel in Riyadh, at Kingdom Centre on Olaya Street. Master passes can be bought for a 2-day access or separately for day 1 or day 2. These passes will give you access to:

  • 3500 square meters of exhibition space
  • World Class Conference
  • MEFTECH Innovation Theatre
  • MEFTECH Innovation Awards
  • Galaxy Fintech Startup Zone

Trade visitors can explore the exhibition, the innovation theater and the Galaxy Fintech Startup zone only, for free. The roundtable discussions on day 1 (24th February) and day 2 (25th February) can be attended for free, though seats are limited and subject to approval.

So, don’t miss this one-of-a-kind opportunity and register your name for the MEFTECH-KSA 2019 event. Find out how leaders in the financial and technology sectors brainstorm, ideate and explain the recent developments in payment systems and more.

PayTabs
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