Saudi-founded financial technology company PayTabs Group has reportedly agreed to acquire Amazon Payment Services’ operations across the Middle East and North Africa in a transaction valued at more than $100 million.
Both parties had reportedly approved the transaction, which would transfer Amazon’s regional payment-processing operations to PayTabs.
The agreement would significantly expand PayTabs’ presence in the regional payments sector by adding an established operation serving merchants across several MENA markets.
Two Regional Payment Operations Move Closer
PayTabs traces its origins to Saudi Arabia, where founder Abdulaziz Al Jouf developed the idea for the company in 2014. Its initial aim was to give merchants across the Middle East and North Africa access to online-payment infrastructure. The business has since expanded into payment orchestration, merchant-management technology, transaction routing and payout services across multiple regional markets.
The company’s recent activity suggests a broader effort to assemble payment capabilities rather than rely exclusively on its original gateway business. In April 2026, PayTabs announced its acquisition of UAE-based TAPn’GO, a contactless-payment platform serving physical and digital commercial environments. It has also pursued partnerships involving open banking, including a 2024 agreement with Fintech Galaxy covering account verification and account-to-account payments.
Amazon Payment Services, meanwhile, is the regional payment-service provider formerly known as PAYFORT. The business adopted its current name in 2020 and is distinct from the Amazon Pay checkout product available in other parts of the world. Its services include online payment processing, installment options, payment-security tools, payment links, transaction monitoring and merchant analytics. The company operates across nine MENA countries and serves more than 3,500 businesses.
Scale Brings Integration Questions
A combination of the two operations would create a business processing more than $40 billion (SAR 150 billion) in payments annually.
The combination would also broaden the range of payment services available through PayTabs’ regional network. Bringing the two businesses together could help the company support more merchants across different markets while building on the technology and local connections already established by both operations.
Bringing the operations together could give PayTabs a larger merchant base and a wider pool of payment technology. Payment businesses operating across MENA must navigate different licensing regimes, banking connections, local payment methods and compliance requirements. A change in ownership would also need to preserve transaction continuity for merchants already using Amazon Payment Services.
Key details remain undisclosed regarding branding, staffing, merchant contracts and Amazon’s future relationship with the regional payments business. No publicly available document currently explains whether the Amazon Payment Services name would be retained, whether Amazon would continue providing technology or commercial support, or how quickly customers might be moved onto PayTabs infrastructure.
The reported agreement arrives as PayTabs is presenting itself increasingly as a provider of end-to-end payments infrastructure. Absorbing an established regional operation carrying the Amazon name would be a much larger step than adding a single product or entering a bilateral partnership. Yet the size of the opportunity is matched by the integration challenge: payment systems are closely tied to bank connections, regulatory permissions and merchants’ daily cash flow, leaving little room for interruptions.
If completed, the acquisition would give PayTabs a broader regional footprint and bring two established payment operations onto one platform. A well-managed transition could strengthen its ability to serve merchants across MENA while supporting the region’s growing digital-payments market.
