PayTabs to Acquire Amazon Payment Services’ MENA Operations in $100m-Plus Deal

Saudi Arabia’s PayTabs Group and Amazon Payment Services have agreed to a transaction that would transfer Amazon ‘s Middle East and North Africa payments operations to PayTabs — a deal that would significantly consolidate the region’s fragmented payments landscape. PayTabs has spent years building banking connectivity, regulatory licenses and AI-driven payment infrastructure largely outside the spotlight. The transaction would bring that strategy into sharper focus, significantly expanding the S