PayTabs Group, MENA’s award-winning payment orchestration powerhouse, today made a groundbreaking leap forward by announcing a partnership with Concept Combined Group Kuwait to operate Advanced Payments Solutions (APS) as a payment technology company in Kuwait. Consequent to this partnership, APS will roll out services locally under the PayTabs Kuwait brand umbrella.
This partnership which unveils “PayTabs Kuwait” is designed to transform Kuwait’s digital payment landscape with state-of-the-art payment orchestration solutions aimed at driving the digital transformation of Kuwait’s economy.
Concept Combined Group Kuwait is a dynamic business conglomerate with nearly two decades of expertise in providing Telecom Services, IT Solutions, App Development and Retail & Wholesale services to leading corporations in Kuwait and the MENA region. Leveraging its strong presence in the Kuwaiti market, the group is committed to driving innovation and economic growth through partnerships with global leaders to bring transformative solutions to Kuwait. Building on PayTabs’ successful testing of the Kuwaiti market and the increasing demand for innovative payment solutions, this marks a significant milestone in the GCC region’s fintech landscape. PayTabs will introduce its comprehensive product suite to Kuwait under the flagship brand PayTabs Kuwait, offering secure and convenient payment solutions customized for the unique needs of Kuwait’s fast-growing businesses and entrepreneurs.
As SMEs in Kuwait contribute 22% to GDP, seen as 2nd highest contributor in Gulf – they are the backbone of the economy. Kuwait’s vibrant business ecosystem presents immense untapped potential, and PayTabs Kuwait is committed to bridging the gap by availing a unique payments foundation that will allow all businesses and enterprises in Kuwait to seamlessly accept, process and disburse payments securely.
Commenting on the partnership, Ahmed Al-Mousa the Deputy CEO of Concept Combined Group emphasized its strategic significance, “We believe that Kuwait holds tremendous promise, and our collaboration with PayTabs Group is a testament to our commitment to the region. Together, we aim to equip and empower businesses with the tools and technologies they need to thrive in the digital era.”
Abdulaziz Al Jouf, CEO and Founder of the PayTabs Group expressed his optimism, “Our research highlights the untapped potential of Kuwait’s market, which remains largely unexplored by payment providers. This combines Concept Group’s local expertise with our best-in-class payment technology and infrastructure, creating a powerful force to scale businesses and elevate Kuwait’s digital economy.”
PayTabs Kuwait General Manager, Anwar Nabeel Al Qenaei, described the initiative as a “qualitative leap forward.” He emphasized how PayTabs technology will elevate payment processing in Kuwait, enhancing safety, efficiency, and the overall user experience.
Anwar Al Qenaei highlighted that the collaboration marks a significant step in PayTabs’ journey to empower businesses in Kuwait. He stated, “This partnership aligns with our commitment to delivering innovative payment solutions that cater to the unique needs of the Kuwaiti market. By introducing advanced services like open banking integrations and digital wallet capabilities, we are enabling businesses to embrace digital transformation and better meet evolving consumer expectations.”
Aligned with the “New Kuwait 2035” Vision which seeks to diversify the economy and build a prosperous future. PayTabs Kuwait intends to continue its leadership in the financial technology field and looks forward to the continuation of its role in leading innovation and achieving growth in this vital sector.
Stay Ahead of the Financial Curve with Our Latest Fintech News Updates!
