PayTabs Egypt Partners with Souhoola to Enhance its Payment Solutions Portfolio

The collaboration offers PayTabs Egypt’s clients an additional Buy-Now، Pay-Later (BNPL) payment option، expanding the platform’s portfolio of flexible solutions

PayTabs Egypt، MEASA’s award-winning payments powerhouse، announced today a strategic partnership with Souhoola، a popular BNPL platform in Egypt. This collaboration aims to offer a new BNPL payment method for PayTabs Egypt merchants، increasing the range of payment options offered online.

By adding the Souhoola's BNPL solution to the multiple payment solutions available for customers on ecommerce merchant’s payment pages، PayTabs Egypt aims to meet the growing demand to deliver more convenient payment choices. This step will provide consumers with a seamless and flexible shopping experience while offering e-businesses access to a payment to a wider customer base and enhancing their buyers “add to cart” rate.

Commenting on the partnership، Karim Eyada، PayTabs Egypt’s General Manager، said، “PayTabs Egypt is dedicated to learning the payment industry by exploring partnerships that bring value to merchants and elevate the digital payment landscape. By integrating Souhoola's BNPL solution، we are not only addressing the buying habits and lifestyle choices of consumers but also providing our merchants with a competitive edge. This partnership aligns with our vision of fostering financial inclusion and supporting the growth of big commerce in Egypt.”

Ahmed Al-Shanawany CEO of Souhoola، also commented on the partnership، stating، “We are delighted to partner with PayTabs Egypt to bring our BNPL solution to a broader audience. Souhoola is committed to empowering consumers and merchants alike with flexible and accessible payment options. Together with PayTabs Egypt، we look forward to contributing to a seamless and enjoyable shopping experience for all.”

This partnership is the latest in a string of strategic collaborations forged by PayTabs Egypt with leading local and regional brands، such as Paymes and mnGm. Through these collaborations، PayTabs Egypt has delivered a smooth and trusted payment journey for merchants and customers across segments. PayTabs Egypt's remarkable growth and accomplishments demonstrate its commitment to supporting the e-commerce environment in Egypt and the wider region

About PayTabs Egypt 

PayTabs Egypt Solutions is Egypt’s most innovative provider of digital payment solutions. The company is a joint venture between PayTabs Group، MENA’s award-winning provider of fintech and B2B payment solutions، and EFG Holding، a trailblazing financial institution with a universal bank in Egypt and the leading investment bank in Frontier and Emerging Markets (FEM). PayTabs Egypt provides merchants with the market’s leading online payment gateway solutions. It supports multiple digital payment options، white labeling platforms، and a range of e-commerce، m-commerce، and social commerce solutions. 

The PayTabs Group is an award-winning payments solutions powerhouse founded by Saudi entrepreneur Abdulaziz Al Jouf.

Having processed the first live payment gateway transaction in 2014، today PayTabs processes payments in multiple currencies and markets، swiftly and securely. By providing the infrastructure for B2B payment solutions، including digital invoicing، QR codes، social media payments، point of sale، and switching platforms، PayTabs facilitates seamless e-commerce and social commerce solutions for merchants and super merchants.

PayTabs continues to custom build and export mobile applications، hospitality، governmental، education، airline، travel، transport، and biller solutions، to interlink MENA’s multi-billion-dollar payment corridors. PayTabs home owned، globally validated unified payment acquiring and issuing orchestration platform enables governments and large-scale originations to become independent payment platforms to serve their unique industries. PayTabs Issuance، armed with its own IP and built on globally acquired expertise is custom designed to empower any business with acquiring، issuing، managing، and controlling payments

In 2022، PayTabs acquired Türkiye’s social commerce platform Paymes to complement its existing retail portfolio. In early 2023، PayTabs received payment gateway certification from Saudi Payments. By end of 2023، PayTabs was awarded MENA’s Best Merchant Solution and the glowing recognition of Fintech Company of the year.

PayTabs has dedicated offices in Saudi Arabia and UAE and presence in other locales including Jordan، Turkey، and Egypt. The company is an equal opportunities employer. More milestones on: https://site.paytabs.com/en/