Financial
Services
Case Study: Why PayTabs Picked Bahrain as its Launchpad
Bahrain is home to the regional operational hub of PayTabs, the brainchild of its founder and Chief Executive Officer, Abdulaziz F. Al Jouf. Through innovative digitisation, the company simplifies the process of online payments and invoicing for its customer base of over 12,000 merchants and SMEs who sell through their websites or social media accounts.
Co-owned by Saudi Aramco Entrepreneurship Ventures (Wa’ed), PayTabs adopts smart e-commerce technology without the need to revert to the legacy platforms of financial institutions.
After PayTabs enjoyed rapid expansion in the GCC, Mr Al Jouf began to consider an appropriate location to establish the company’s headquarters. He compared several potential locations across Asia, including India, the Philippines, and neighbouring GCC countries, before finally selecting Bahrain.
Being a highly innovative company with a solely digital product, Bahrain’s readily available digital infrastructure played a major role in his decision-making process. Mr Al Jouf’s choice was further motivated by the ready access to a skilled, tech-savvy workforce, while the Kingdom’s cost-effective enterprise environment created the ideal launchpad for the company’s expansion.
PayTabs and Mr Al Jouf have ambitious growth plans. The company is eyeing expansion into more than 20 international markets, including the Middle East, North Africa, Southeast Asia and India, as well as several markets in Africa and Europe.
See why this B2B payment processing and fraud protection system chooses Bahrain as its operational hub.
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