PayTabs Group inks partnership with Fintech Galaxy to elevate GCC’s fintech space with payment orchestration and open banking solutions

PayTabs Group inks partnership with Fintech Galaxy to elevate GCC’s fintech space with payment orchestration and open banking solutions

Riyadh, Saudi Arabia: PayTabs Group, MEASA’s award-winning payment solutions powerhouse today announced it has partnered with Open Banking and financial innovation entity, Fintech Galaxy.  The collaboration aims to provide data consolidation and lightning-fast payment initiation services by diving into the global expertise of PayTabs expansive payment orchestration platform. The service will initially be rolled out in the Kingdom of Saudi Arabia and the United Arab Emirates and subsequently expand to other MENA markets.  This partnership combines PayTabs payment orchestration infrastructure with Fintech Galaxy’s Open Banking capabilities to deliver solutions for SME’s and enterprises, including streamlined account verification, swift payouts, and pioneering point-of-sale lending. PayTabs offers an expansive ecosystem with unique capabilities and global outreach, inviting fintech and financial institutions to tap into open banking’s potential. Seamlessly integrating into PayTabs' orchestration platform unlocks access to advanced infrastructure - a comprehensive suite featuring a versatile payment gateway, premium merchant management, efficient EFT switch, middleware, and a unified API Gateway for seamless transactions. The platform is designed for exponential growth without breaking the bank on setup costs. Fintech Galaxy, licensed by the Central Bank of Bahrain and certified by Saudi Payments, leverages its robust FINX platform for top-notch security, regulatory compliance, and user-friendly