PayTabs acquires OGS PayLab India

PayTabs acquires OGS PayLab India

News of the acquisition comes as PayTabs receives mada Payment Gateway Certification from Saudi Payments

PayTabs Group, the regional award-winning payments powerhouse, in an unprecedented move announced that it has completed its acquisition of 100% stake in OGS PayLab. OGS PayLab based in Chennai, India, is one of the leading service providers of transaction processing services, turnkey cloud payment solutions and electronic fund transfer (EFT) Switch solutions in the globe.

As a Fintech enabler for the region, PayTabs’ mission is to simplify yet orchestrate a unified payments experience and value for key players in MENA’s payment eco system. OGS PayLab, which operates across the USA, Europe, Middle East & Africa, and Asia, further strengthens, and broadens PayTabs niche position in the fintech market. The acquisition creates an organization better positioned to serve stakeholders and compete in the global marketplace. It is also expected to result in greater efficiencies and significantly increase PayTabs’ market dominance regionally by working the entire payment chain.

Under the terms of the acquisition, both entities have been at the grind for a year prior, to unveil PayTabs SwitchOn– PayTabs home owned, globally validated, unified payments and transaction processing platform. After multiple launches with clients across the region, the payment