The strategic partnership with the social platform “Paymes” allows merchants to collect their dues via social media platforms
PayTabs, the leading provider of B2B payment solutions and award-winning electronic payment processing provider in the Eurasia region, today announced the launch ofPaymentsThe pioneer in the field of e-commerce via social media platforms in the Central Asia region, to serve as a social commerce platform for PayTabs in the Middle East and North Africa region.
This strategic partnership will facilitate the process of collecting payments through social media platforms in seconds, to serve millions of workers in many fields, including independent business owners, artisans, consultants, home workers , personal trainers, temporary contract workers and others.
This partnership will contribute to maximizing the benefit of the vast network specific to “Betabs” in the markets in which the company operates, in order to improve the diffusion of the brand of the “Betabs” platform.Payments“.
This partnership is one of the first achievements.PaymentsAs a platform for PayTabs to serve social media merchants and freelancers in the Middle East, this service will first be launched in Egypt to benefit from the PayTabs Egypt network.
This new financial services technology platform will increase customer base and provide opportunities for small businesses to generate revenue.
It will allow “Payments» For its user base of small business owners in the Egyptian market, login to the platform and create their own digital store to display the products or services they provide, and thus add products directly to shopping carts, enter their contact details and delivery data, and carry out transactions with ease and security.
Thanks to the tools and means offered by the platform,Payments“Users will be able to create secure links to make payments through social media platforms including Facebook, WhatsApp and Instagram, as well as accept contactless payments by creating a code. QR.
In this context, Abdulaziz Al-Jouf, CEO and Founder of PayTabs, expressed his happiness to sign this agreement with “PaymentsIn light of the growing and rapid spread of shopping on social media platforms in the Middle East and North Africa, as well as the high rate of reliance on temporary workers and small businesses, starting with design and advice, up to the clothing and design industry.
He pointed out that the company’s extensive research has shown that this agreement is its main objective to support these business activities due to its high importance in the economy, adding that the “platform”PaymentsHe works to make payment methods available through social media platforms for small business owners in Egypt, and the platform seeks to maximize the use of digital solutions that help make life easier for millions of those who contribute to support and revitalize the Egyptian economy.
Al-Jouf explained that the next phase of the company’s strategy targets the markets of the United Arab Emirates and Saudi Arabia, as part of the company’s continued interest in the market for commerce via platforms. of social media in the Middle East and North Africa.
It should be noted that research conducted by VISA Titled “Small Business Recovery in 2021” revealed that half of Egyptian merchants surveyed consider investing in digital payments to be essential for market recovery.
The latest data puts the number of temporary job holders in Egypt at 14 million, but reports published by Reuters consider this data to be much lower than the actual figures.
Accordingly, this partnership between the two platforms aims to seize the growth opportunities presented to the market and aims to provide secure digital payment solutions to small merchants to serve the commerce market through social media platforms.
For his part, Hani Suleiman, Managing Director of PayTabs in Africa, said the e-commerce market is growing rapidly, along with the self-employed base, which presents promising opportunities that attract investors.
He confirmed that PayTabs had signed this partnership with thePayments» Present its experience on the Egyptian market, as part of its efforts to continue to offer innovative, quality products and solutions that meet the aspirations of the various customer segments, potential or new.
He pointed out that the platformPaymentsIt has innovative tools and means that will redraw the map of the digital payments market, and the platform is characterized by ease of use and efficiency in carrying out daily transactions, making it the best way for small traders to communicate with customers in efficient and easy ways.
He emphasized that this partnership is part of PayTabs’ commitment to explore new horizons that help customers succeed and grow in the e-commerce market through social platforms.
On the other hand, Hasan Jabarov, co-founder ofPayments“The world is currently experiencing the largest ever base of small traders and self-employed workers, especially after the outbreak of the virus (Covid-19) pandemic.
Jabarov is looking forward to cooperating with PayTabs to achieve the real breakthrough that small merchants are waiting for. He also expressed his joy in helping them with e-commerce and facilitating their work through social media platforms.
Jabarov added that the platform will allow users to link across social media platforms to get their due in just seconds.
He pointed out that the platform will allow traders to display and market their products and services in Egypt and globally, which will benefit them and allow them to earn the profits they aspire to.
Jabarov concluded that “PaymentsHe aims to achieve success as soon as possible in Egypt, the Middle East and the world at large.
Abdulaziz Al Jouf