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The Digital Payments Mastermind
WIRED
|December 2022 - January 2023
DIARY OF AN ENTREPRENEUR
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Abdulaziz Fahad Al Jouf, Founder and CEO of PayTabs, is helping to replace cash with digital payments and change the way that people shop in Saudi Arabia, across the Middle East, and beyond.
WHEN THE COVID-19 PANDEMIC reached the Middle East and local businesses experienced an overwhelming surge in online sales, Abdulaziz Fahad Al Jouf was there to provide help when it was needed most.
In those difficult early months of 2020, the Founder and CEO of the digital payments company PayTabs enabled unprecedented numbers of merchants to adapt to the new normal, launch websites, convert visits into sales, and reinvent their businesses for the digital age.
“During the pandemic, global e-commerce volumes increased by over 40 percent, and more merchants than ever signed up to PayTabs,” Abdulaziz says. “Propelled by this growth, we are venturing into new markets and accelerating our expansion.”
Launched in Saudi Arabia in 2014, PayTabs now serves nearly all parts of the Middle Eastern payments market. The company’s wide range of clients include freelancers and small family businesses who want to receive payments online, retail brands managing stores in several different countries, and even banks in need of a reliable partner for processing millions of electronic payments every day.
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