PayTabs launches social commerce across GCC


Micro traders and freelancers in UAE and KSA can set up free webshops and receive social media payments with Paymes

DUBAIUnited Arab Emirates, September 20, 2022 /PRNewswire/ — PayTabs, MEASA’s award-winning payments hub, announced today that millions of freelancers, handymen, consultants, home business owners, personal trainers and micro-business owners worldwide United Arab Emirates and the Kingdom of Saudi Arabia will now be able to receive instant payments through PayTab’s social commerce platform, Paymes.

Paymes will serve as PayTabs’ social commerce platform across the MENA region. Designers, tailors, yoga teachers, tutors, painters, musicians, landscape artists and others have the opportunity to login to the Paymes platform, set up their digital storefront and turn their passionate business ideas into profit instantly. The whole process including uploading the freelancer documentation would be made easier within minutes by PayTabs and Paymes.

According to data from the World Economic Forum, the UAE saw a 197% increase in digital freelancer recruitment in 2020 due to the pandemic. This presents a great opportunity to get these freelancers to make secure payments through social media to capitalize on their profession.

Comment on the launch of Paymes in the United Arab Emirates, Neelam KeswaniGeneral Manager PayTabs UAE, said: “Paymes helps the merchant create a shopping cart for the customer and share it in the same way they communicate with them – be it WhatsApp, Instagram or other social media. This helps the trader trade faster instead of redirecting them to a website. During the pandemic, we’ve seen a surge in micro-businesses and freelancers such as handymen, photographers, fitness trainers and home bakers. Paymes empowers these merchants to accept payments in minutes with a minimum of documents Entrepreneurs, I am delighted to be part of this impactful technology that will enable the gig economy to thrive and add value to the UAE economy to accomplish.”

With the Paymes platform, GCC’s gig economy will benefit from being able to instantly convert their talent and creativity into payments by sharing a secure payment link across nine different social media platforms including Facebook, WhatsApp and Instagram. They can also accept contactless payments by generating a static QR code – the safest way to get paid online or in store. Paymes also allows users to set up a mini e-commerce web store – known as a “Paymes store”. The web store can be customized and branded, saving additional costs for merchants who would otherwise pay to have their websites designed and developed by professional agencies.

According to Arab News, the growth of the freelance workforce is accelerating Saudi Arabia as the number of local freelancers nearly doubled in the first half of 2021 and the economy is showing more signs of recovery from the pandemic. According to the Saudi Ministry of Human Resources and Social Development, most freelancers are in their 20s and 30s, with most of them working in graphic design, marketing and advertising, and family businesses ranging from jewelry design and coffee supply to real estate services and crafts. Against this business environment Mohammed AlsaudGeneral Manager for PayTabs KSA, added: “Paymes is a more than wonderful platform for all merchants to capitalize on increasing revenue, extend and collect payments from their customers quickly and effectively. This solution will take all merchants to the next phase of their e-commerce business by helping them reduce costs compared to competitors in the local market.”

Paymes co-founder Hasan Jabbarov said: “While entrepreneurs and businesses in the e-commerce space find it challenging to manage the high cost of setting up their own websites, solutions like Payme’s offer micro-enterprises several advantages. By enabling freelancers and micro-enterprises to create their own digital storefronts, online shoppers can add their favorite products from the webstore to their shopping cart, complete their delivery details and check out securely. This is the level of convenience that the Paymes platform and mobile apps offer to businesses.”

In addition to Turkey and AzerbaijanPaymes, which has 850,000 users worldwide, is also available for use and download on PayTabs’ main African market, Egypt.

About PayTabs
PayTabs is an award-winning payments powerhouse founded by a Saudi entrepreneur Abdulaziz Al Jouf.

After processing the first live payment gateway transaction in June 2014, PayTabs today processes transactions in multiple currencies and markets quickly and securely. Using API plugins, PayTabs enables seamless e-commerce, m-commerce and social commerce solutions for merchants and super-merchants to integrate plug-and-play payment functionality on their websites.

Originally backed by Saudi Aramco’s “Waed” and later by private Saudi investment, PayTabs has installed and exported a whole batch of breakthrough solutions over the years. These include mobile applications, hospitality, government, education, airlines, travel, transportation and billing solutions to connect the multi-billion dollar enterprise market chain in the MENA region.

In 2021, PayTabs launched PT Touch, the first soft POS solution in the MENA market that turns smartphones into point-of-sale terminals (POS) for merchants. In 2022, PayTabs took a leap to pioneer next-generation payments by launching its own next-generation, globally validated unified payment and transaction processing platform –Turn on PayTabs®.

PayTabs is a proven game changer in the global payments space and has its own offices in the GCC, including the UAE and Saudi Arabia and presence in many other places, including Turkey, Indiaand Egypt. The company is an equal opportunity employer with a diverse and multicultural team of over 20 nationalities.

For more milestones, visit https://site.paytabs.com/en/

Photo – https://mma.prnewswire.com/media/1898569/PayTabs_Paymes.jpg

SOURCE PayTabs



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