PayTabs strikes $100 million+ deal for Amazon Payment Services MENA

Saudi Arabia-based fintech PayTabs Group has agreed to acquire Amazon Payment Services’ operations in the Middle East and North Africa in a transaction valued at more than $100 million. Founded in 2014 by Abdulaziz Fahad Al-Jouf, PayTabs provides payment infrastructure spanning payment processing, transaction switching and payouts. The acquisition is expected to significantly expand its scale and footprint across the region. Amazon Payment Services, formerly PayFort, operates across nine M