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PayTabs Expands into Card Issuance with PayTabs Issuance
The proprietary PayTabs Issuance platform is set to revolutionize the fintech industry, offering a comprehensive solution for acquiring, issuing, managing, and controlling payments.
PayTabs Group, a leading payment orchestration powerhouse in the MENA region, has unveiled its latest venture, PayTabs Issuance, a secure prepaid card issuing solution designed to elevate business operations regionally. The strategic move aims to tap into the growing global cards market, valued at $524.9 billion in 2022 and projected to reach $1.2 trillion by 2032, with a CAGR of 8.8% from 2023 to 2032 (source: Allied Market Research).
PayTabs Issuance enables banks, enterprises, and corporates to issue co-branded Visa, MasterCard, debit cards like RuPay, and other local cards. Abdulaziz Al Jouf, CEO and founder of PayTabs Group, highlighted the exponential growth in the issuing market, particularly in the Middle East and Africa, where digitization of cash and card-dominated economies is accelerating.
The proprietary PayTabs Issuance platform is set to revolutionize the fintech industry, offering a comprehensive solution for acquiring, issuing, managing, and controlling payments. The platform empowers entities to issue co-branded cards in multiple currencies, providing a dynamic orchestration platform for banks, retailers, and corporations.
