PayTabs Group, a MENA-based payment processing company, has appointed Mohamad Abbas as its new Chief Sales & Operations Officer.
The move is part of the company’s strategy to enhance its payment orchestration platform operations and achieve its profitability goals in key markets such as Saudi Arabia, the United Arab Emirates, and Egypt.
With over 22 years of experience in sales, business development, and operations in the fintech and digital payments sectors, Abbas will lead efforts to drive revenue growth and improve operational efficiency across the region.
His extensive experience includes being part of the founding team at Amazon Payment Services (formerly PayFort).
Abbas has previously managed regulatory frameworks and led strategic partnerships, both of which will be key in driving PayTabs’ operations.
This appointment comes as PayTabs targets 200% to 400% year-on-year increases and aims to double its market share across the MENA region.
PayTabs is looking to scale the company’s payment orchestration platform, working with licensed institutions and major card schemes to support these efforts.
The platform is said to be capable of processing billions in payments per second through its servers based in Saudi Arabia.
PayTabs has been operating in Saudi Arabia for a decade, where it holds Payment Technology Service Provider certification and has developed infrastructure to support independent payment platforms.
The firm has also built IP rights across payment core banking infrastructure, enabling governments and corporates to create their own standalone payment platforms.
Johnson Sasikumar, Deputy CEO, PayTabs Group said,
“Mohamad’s leadership will be instrumental in advancing PayTabs’ vision to power every digital transaction in the region and accelerate the digital movement, aligning with the company’s mission to deliver fully integrated and scalable payments infrastructure across MENA.
We are excited to have Mohamad join PayTabs and take on this unique challenge as we remain focused on solving and innovating on behalf of our clients and partners to spearhead our profitability trajectory and add value to our business.”
Featured image credit: Edited from Freepik
