• Saudi Arabia-based fintech PayTabs Group has agreed to acquire Amazon Payment Services’ operations in the Middle East and North Africa in a transaction valued at more than $100 million.
• Founded in 2014 by Abdulaziz Fahad Al-Jouf, PayTabs provides payment infrastructure spanning payment processing, transaction switching and payouts. The acquisition is expected to significantly expand its scale and footprint across the region.
• Amazon Payment Services, formerly PayFort, operates across nine MENA markets and serves more than 3,500 businesses, supporting global card networks as well as regional payment methods including Mada, Knet and Meeza.
• Following completion of the transaction, the combined business is expected to process more than SAR150 billion ($40 billion) in transactions annually.

Press release:

 Saudi Arabia's PayTabs Group and Amazon Payment Services have agreed to a transaction that would transfer Amazon's Middle East and North Africa payments operations to PayTabs — a deal that would significantly consolidate the region's fragmented payments landscape.

PayTabs has spent years building banking connectivity, regulatory licenses and AI-driven payment infrastructure largely outside the spotlight. The transaction would bring that strategy into sharper focus, significantly expanding the Saudi-born company's scale and position in the regional payments market.

Both parties have approved the transaction, the deal valued north of $100 million. The agreement would cement PayTabs' position as the largest MENA payments infrastructure provider with proprietary end-to-end solutions spanning payment processing, automated switching and payouts on a single platform.

Continuity is expected to be a priority, with minimal disruption anticipated during the integration, alongside faster onboarding and stronger local compliance across the combined operation.

The deal would significantly increase PayTabs' regional scale, with the combined entity expected to process more than SAR 150 billion annually.