Saudi Arabia's PayTabs Group Acquires Amazon Payments MENA for $100 Million+
Summary
PayTabs Group has agreed to acquire Amazon Payment Services' Middle East and North Africa payments operations in a deal valued at more than $100 million. The transaction will combine two payment infrastructures and strengthen PayTabs' position as a leading regional payments provider. The company says the integration should keep disruption low while improving onboarding, compliance, and platform capabilities. The combined business is expected to process more than SAR 150 billion annually.
AskAI Classifications
Sectors
Logistics and Supply Chain
Retail and Commerce
Logistics and Supply Chain Management
Functions
No functions detected
