KSA-Based PayTabs Group Acquires UAE-Based TAPn’GO To Grow Contactless Payments Across The MENA
Posted on
Saudi Arabia-based fintech PayTabs Group has acquired UAE-based contactless payment platform TAPn’GO with the aim to enable faster, real-time, contactless checkouts for businesses across the MENA region.
Founded by Abdulaziz Al Jouf in Saudi Arabia in 2014, PayTabs is a payments infrastructure company that connects merchant experiences across online, in-store, web, and mobile channels. On the other hand, TAPn’GO, founded by Cyrille Picard in the UAE in 2021, is one of the country’s leading contactless payment capabilities.
With TAPn’GO now becoming a part of the PayTabs super app, it is set to simplify how businesses in sectors like retail, hospitality, healthcare, entertainment, and regulated donation platforms accept payments with its offering of seamless checkouts, convenient experiences, and affordable payment solutions across in-store and digital environments.
The acquisition will see a fully integrated, point-of-sale (POS)-synchronized solution with built-in loyalty and value-added services being delivered to merchants and partners in over 30 industries. With the expectation that the solution will improve operational efficiency and customer engagement, it’s already set to be adopted over 20,000 businesses in the region.
In an interview with Inc. Arabia, Al Jouf, founder and CEO of PayTabs, explained the drivers for his company’s acquisition of TAPn’GO. “In the world of high-growth fintech, you don’t acquire to get bigger, but to grow faster and deeper,” he said. “TAPn’GO was an obvious play for our group. They have mastered the art of simplifying the customer interface at the point of sale. When you integrate their tech into our super app, the math is simple: 1+1 equals 10. We are collapsing the space between an online transaction, an in-store purchase, and mobile engagement into one unified layer. We are forcing the market to stop thinking about these as separate silos. We are building an ecosystem where payments, data, and business growth flows. Instead of just chasing the shift to real-time, contactless commerce, we are engineering the platform that makes that shift inevitable.”