At Mobile World Congress (MWC) 2024, Huawei Cloud announced a new partnership agreement with KSA-based PayTabs. This collaboration is intended to collectively drive the innovation and implementation of cloud and AI technologies in diverse industry use cases.
Alan Qi, President of Huawei Cloud Middle East and Central Asia, emphasized that this Memorandum of Understanding (MoU) signifies more than just the integration of Huawei Cloud's innovative strengths in line with the partners' development objectives. “It represents a strong acknowledgment from both parties towards shared goals and a steadfast commitment to pushing the boundaries of the digital and intelligent era in KSA. Huawei Cloud is dedicated to collaborating with partners, exerting continuous efforts to achieve even more fruitful outcomes, and collectively opening a new chapter of digital transformation,” said Qi.
Huawei Cloud’s collaboration with KSA-based PayTabs to boost the digital payments industry across MENA
At MWC 2024, PayTabs Group, MENA’s award-winning payment orchestration powerhouse, signed a comprehensive cooperation agreement with Huawei Cloud. The agreement will enable both companies to jointly explore and develop digital payments and payment orchestration technology to launch more innovative payment services across the region. The agreement was signed in the presence of Abdulaziz Jouf, CEO and founder of PayTabs Group; Hany O. Soliman, Regional Head and Operating Partner for PayTabs GCC and Africa; Samy Masoud, VP, Solutions Delivery PayTabs; Mark Chen, President of Huawei Cloud Solution Sales, and Sebastian Shi, CEO of Huawei Cloud UAE.
This partnership will inject new vitality into the business development for both PayTabs Group and Huawei Cloud, bringing more possibilities to grow the fintech ecosystem and unleash smoother, secure payment experience for global consumers. As one of the world's top five cloud service providers and the fastest-growing cloud in the Middle East, Huawei Cloud will provide a solid cloud foundation to support PayTabs and other leading fintech enterprises in the region to expand their business locally and globally.
In addition to the technology foundation, Huawei Cloud will share its expertise from operating in more than 170 countries and regions to become a bridge for PayTabs to connect markets, expand business, and achieve business success. Highly trusted by business owners and consumers, PayTabs currently operates in several markets, including Saudi Arabia, the United Arab Emirates, Egypt, Jordan, and Türkiye.
Source: Press Release