Payments

PayTab intros card issuing solution

Photo: Adobe Stock

December 14, 2023

PayTag Groups, a payments solutions company, unveiled its prepaid card issuing solution PayTabs Issuance. With this tool, banks, retailers and other companies can issue cobranded Visa, Mastercard and other debit cards in local currencies, according to a press release.

"The issuing market is an exponential market and the Middle East is moving aggressively to digitize cash in the region, while in Africa the market is progressing towards building a strong card base dominated economy," Abdulaziz Al Jouf, CEO and founder, PayTabs Group, said in the release. "PayTabs has teamed up with banks and processors worldwide to help businesses issue cards globally. Using smart tech orchestration, we're making it possible for thousands of businesses to execute transactions, access data and scale their operations. Being able to offer a cards program gives PayTabs a unique positioning by offering the best of both acquiring and issuance as a bundled solution."