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White Label Payment Processing with PayTabs for UAE Businesses

White Label Payment Processing
Mohab Payment Orchestration 0

White Label Payment Processing

Personalization has emerged as a crucial watchword for businesses worldwide, whether it comes to sending customers festive emails or cross-selling products when they are shopping online. And there’s a reason behind it. 62% consumers are likely to stop shopping from a brand if they don’t receive content with a personal touch. As a forward-thinking business in the UAE, you need to appreciate this too, especially if you have a digital presence and are planning to use an online payment gateway to facilitate smooth, secure, and timely transactions. While the right gateway can make the checkout process seamless, make shoppers happy, and increase your sales, if the payment portal looks generic or like any other business, you cannot score brownie points in the personalization department.

Don’t worry though, as a white label payment gateway provider like PayTabs can address this problem efficiently and help you maintain branding till the final stage of the marketing funnel. Let’s delve deeper into this.

Decoding a White Label Payment Gateway

Put simply, a white label gateway is like any standard payment gateway except that it allows you to customize the checkout page with your brand’s image and logo. In other words, you get to process transactions under your official business name. And no, this is not just perfect for big or established brands. Even if you are running a startup or have a small business, you need PayTabs’ white label payment platform to nurture a strong relationship with customers and build your brand over time.

Now, let’s understand the multiple benefits of using a white label gateway for payments.

  • Better Brand Awareness

Shoppers usually spend a certain amount of time on the payment page while they decide which method they wish to use. In case they are entering the details of their debit or credit card, it also takes some time. And when you go for a white label payment gateway, they consciously or subconsciously notice details like your business’s logo, font style, colors, and such. This translates to improved visibility of your brand and better recall at a later date as well. This means, when the same customer feels the need to buy a product that they once bought from you or something else that you also sell, their mind zeroes in on your brand automatically. Better visibility and recall also means your customers are more likely to talk about your brand with friends and family or suggest the same. Naturally, this means more people will be visiting your site.

  • Improved Conversions

White label payment processing is a smart way to instill and build trust and confidence in customers, especially those who are visiting your site for the first time. You can also forge strong relationships with them this way. If shoppers land on a payment page that is generic, they might not feel confident enough to go through with the transaction or have doubts about the authenticity of your business. This can lead to cart abandonment. However, when your payment page is personalized, customers will know that they are dealing with the same brand from the start and feel amply reassured. In other words, the conversion rate will spike and your base of loyalists will also expand in the long run.

  • No Need to Start from Scratch

Does the idea of building payment gateways from scratch appeal to you? Nevertheless, the task can be challenging. Unless you have the technical expertise, time, and resource to devote to the job, it is advisable to leave it to the professionals at PayTabs. This way, you will also be sure that you are getting the best solution for your payment situation. The white label gateway will be updated and in top form at all times too. In case of any glitches, you can also get in touch with PayTabs for troubleshooting or to obtain the necessary guidance. Not having to stress about the gateway means that you will be able to concentrate on the core aspects of your business better.

  • Protection Against Fraud

With white label payment processing, you can rest assured that all the transactions will be secured against a variety of cyberattacks. Apart from PCI-DSS compliance, PayTabs’ white label gateway comes with sophisticated authentication and encryption measures to make sure sensitive financial data is protected. This means, you can offer shoppers a safe experience on your site and they can trust you easily too.

  • Competitive Edge

UAE’s ecommerce sector is all set to grow at an 11.52% rate before hitting an impressive USD 18.99 billion mark by 2029. In such a rapidly evolving landscape, you cannot survive or thrive unless you stay ahead of competitors. And opting for a white label payment gateway is an effective way to do that. It can help you improve brand visibility, earn customer trust, ensure secure transactions, build relationships, drive conversions, and boost loyalty without wasting much time or money. By lending a personal touch to the checkout experience, you can stand out from the others.

Also Read: What is White Label Payment Gateway?

Choose PayTabs for White Label Payment Processing

As a leader in white label gateway solutions, PayTabs has found a special place under the spotlight in a short time. Before taking a call, you can also take out some time to do your research, go through reviews from past clients, and request a demo. You should also discuss your specific business needs with the experts at PayTabs to make sure you are getting your money’s worth. All in all, running a business in the UAE is about to get a whole lot easier and even exciting once you embrace a white label payment gateway.

11 months ago
Payment Orchestration Trends for Saudi Arabia
Mohab Payment Orchestration 0

Payment Orchestration Trends for Saudi Arabia

Saudi Arabia’s digital payments market is all set to touch an impressive transaction value of USD 87.14 billion by 2028. With businesses shifting to the ecommerce landscape in droves, paying for products and services online has become more usual among customers than ever. Payment orchestration for KSA merchants is especially playing a crucial role in making the checkout process smooth, fast, secure, and seamless. With an orchestration platform, businesses can manage multiple payment processors, gateways, acquirers, and banks in one place. This helps boost payment acceptance rate, allows merchants to offer multiple payment modes to shoppers, encourages more sales, and generates greater revenue.

Given that Saudi Arabia payment trends are centered on Fintech innovation currently, it doesn’t come as a surprise that financial institutions are eagerly embracing orchestration to keep up with the evolving needs of merchants or their business banking customers. So, let’s dive into the different ways in which payment orchestration in Saudi Arabia is making a difference to the country’s financial sector.

Payment Orchestration Trends Dominating KSA’s Financial Sector

By adopting payment orchestration services, financial institutions in Saudi Arabia are not only reaping the following benefits, but also simplifying life for merchants:

  • Increased Retention: Financial institutions are forging better relations and instilling deeper trust in existing merchant customers by joining hands with reputed providers of payment orchestration platforms, like PayTabs. This is because they are enabling businesses of all sizes to offer end consumers bespoke payment solutions. With orchestration platforms, banks are white-labelling or personalizing their offerings as well, which means their current merchant customers don’t need to go elsewhere for innovative and efficient solutions. By retaining more of the existing customers, financial institutions are protecting their source and size of revenue as well as goodwill.
  • More New Customers: By embracing financial payment orchestration in Saudi Arabia, banks and similar institutions are attracting new merchant customers too. They are making it possible for businesses to provide a plethora of payment modes at the time of checkout, including debit and credit cards, digital wallets, mobile apps, buy now pay later schemes, and so on. Merchants can simply add the relevant payment methods to their payment ecosystem with a few taps. In other words, financial institutions are drawing even those customers they were unable to reach before through orchestration-driven flexibility.
  • Improved Revenue: Apart from easing payment integration in Saudi Arabia easy for merchants, financial institutions are offering clients plenty of value-added services. These might include advanced protection against frauds, payment gateways, accounting tools etc. For instance, partnering with an orchestration platform like PayTabs is allowing banks to strengthen their customers’ encryption and authentication techniques and assure shoppers ultimately. And higher shopper satisfaction means more and repeat sales. This is helping KSA’s financial sector players to earn more revenue and even receive fees from merchant transactions that occur beyond the orbit of the usual banking services.
  • Valuable Insights: Through payment orchestration, financial institutions are also enjoying visibility into the behaviors and patterns of their business clients. Banks can now derive meaningful insights based on how different merchants are using their services and offers. This means that financial players can tailor services more strategically in the future to retain and attract more customers and boost revenue.
  • Competitiveness: Another reason why adopting orchestration has emerged as one of the key Saudi Arabian Fintech trends is because more and more entities in the financial sector can now position themselves as innovative, progressive, and tech-forward. This is helping financial institutions to gain a competitive edge, scale faster, and stay relevant among modern merchants. In fact, they are being able to attract startups and small businesses too.
  • Readiness for the Future: Payment orchestration is enabling financial institutions in Saudi Arabia to future-proof themselves against market fragmentation, changes, and new payment integrations. In other words, financial entities are becoming more agile by adopting orchestration platforms and they know that no matter how the payment landscape evolves in the coming years, they will be able to meet the new standards confidently. Moreover, they will be able to offer better solutions to merchants or business customers cost-effectively.

Payment Orchestration: Transforming KSA’s Financial Sector

Financial payment orchestration in Saudi Arabia, as we saw, is powering the growth and transformation of the country’s financial sector by helping institutions attract more clients, retain old ones, earn more, gather data-backed insights, become competitive, and gear up for the future. The benefits are in turn trickling down to merchants or the business customers of banks and similar entities. And payment orchestration service providers like PayTabs are at the helm of it all. As a payment infrastructure company offering cutting-edge solutions that are safe, simple, and scalable, PayTabs is driving local commerce and financial inclusion in the MENA region with a vision to power every single digital transaction.

So, as a player in KSA’s financial sector, it is time for you to adopt payment orchestration, change the way you conduct business, and simplify life for your merchant customers in the process.

11 months ago
Accepting Saudi National Day Payments
Mohab Global Events 0

Accepting Saudi National Day Payments

Saudi National Day is right around the corner and the patriotic fervor associated with it is already palpable everywhere in the country. Just like the previous years, this time too, green and white national flags, parades, happy people in traditional outfits, fireworks, and music will liven up the special day. And it will give everyone a chance to appreciate the significant strides made by the KSA towards achieving the ambitious Vision 2030 goal of increased economic, social, and cultural diversification.

Besides opening up to tourists from far and wide and investing in sports, the nation has been empowering women, fighting climate crisis, and promoting sustainability initiatives. To diversify the economy and reduce dependence on oil, Saudi Arabia has been investing in entertainment, technology, and renewable energy sectors too. In 2022, the nation was also recognized as the G20 economy with the fastest growth rate (8.7%). Hence, Saudi Arabian financial progress will be under laser focus this year.

So, this Saudi Arabia National Day, let’s delve into the milestones achieved recently in the financial sector and understand how the payments landscape is changing to drive success for businesses of all sizes.

Quick Look at Saudi Financial Sector Developments

As the Saudi National Day approaches, it is important to note that the country is investing in innovative technology as well as talent to build a resilient and dynamic financial environment. Advanced technologies like big data and artificial intelligence are being leveraged to help businesses of all kinds and sizes (especially small and medium enterprises and startups) to thrive.

Currently, 216 Fintech companies are active in KSA and there are over 6500 direct jobs in the sector. Moreover, venture capital investment in Fintech has exceeded SAR 6.9 billion. SAR 10 billion has been allocated to support SMEs across the country.

This Saudi National Day, payments-related innovations will be in the spotlight too as regulations and supervisory frameworks are being put in place to match international standards and trends. The country is also taking effective measures against financial frauds.

So, as a merchant, this Saudi Arabia National Day, it can help you to understand how the kingdom’s payments landscape is evolving.

KSA’s Digital Payments Landscape is Getting Smarter

One of the key Saudi financial sector developments in recent times is the advent of payment gateways. These help you to accept online payments safely, quickly, and efficiently. Payment gateway providers like PayTabs also offer orchestration services if you need to manage multiple processors, gateways, banks, and acquirers on a single platform and automate your payment ecosystem further. Since the transaction value in Saudi’s digital payments market is set to grow at a 8.06% annual rate by 2028, you need to be aware of what advanced payment gateways bring to the table and how you can capitalize on the same:

  • Secure: This National Day, Saudi Arabia will spend enthusiastically for sure but only on those ecommerce sites that are secure against cyberattacks. Luckily, top payment gateways are PCI DSS compliant and come with avant-garde authentication and encryption measures to protect sensitive data. And when customers trust your site, they order more and keep coming back for repeat purchases. Your brand image improves as well.
  • Easy to Integrate: You can integrate payment gateways easily with your online store and other applications or software solutions. And this can be done across different devices. You don’t need any technical knowledge or coding skills for the same.
  • Simplify Invoicing: Payment gateways in KSA have evolved to make invoice generation and sharing hassle-free. You can send digital invoices and reminders now via WhatsApp, email, SMS, social media channels, and even QR codes.
  • Offer Multiple Payment Modes: The best gateways allow you to offer various payment methods to shoppers, so they can choose easily and go through with the transaction instead of abandoning their carts. This means you can accept National Day Saudi payments via multiple channels and earn more than ever.
  • Support Multiple Currencies: Since leading payment gateways support a variety of currencies from around the world, you can conduct business with foreign customers or nationals located in foreign geographies easily. They can pay in their local currencies while you will be able to accept the payment in the home currency. This Saudi National Day, this gateway feature can help you sell and earn more.
  • Facilitate Repeat Billing: In case you offer subscription-based services, you can set up a recurrent payment process with modern gateways. This way, repeat billings and payments will be handled automatically.
  • Provide Data Analytics: Gateways in Saudi help you to analyze your entire payment ecosystem and derive actionable insights on consumer behavior, order volume, transaction frequency, payment mode, and other performance parameters. These data-backed insights allow you to make more informed decisions in the future.
  • Offer Technical Support: Accepting Saudi National Day payments or handling transactions on any other day for that matter is a breeze with the right gateway. In case of any technical glitch, you can reach out to the provider’s customer support team easily and solve the problem quickly. This way, you won’t have to worry about losing out on potential customers or sales due to downtime.

Gear Up for a Promising Saudi Arabia National Day

Now that you have a fair idea about the recent Saudi Arabian financial progress made, it is time to make the most of the various government initiatives, digital innovations, and investments available. As a business owner in KSA, the upcoming Saudi National Day is the perfect opportunity for you to join hands with a payment gateway provider like PayTabs and enjoy myriad services at attractive fees. A top payments infrastructure company in MENA, PayTabs is driven by the vision to power every digital transaction in the region and offer simple, secure, and scalable solutions for local commerce growth and financial inclusion. So, your time to shine is now!

11 months ago
PayTabs Vision Payment Gateways in Oman
Mohab Ecommerce 0

PayTabs Vision Payment Gateways in Oman

The Omani Fintech market is on a roll, with the number of users in the digital payments market poised to increase to 3,880,000 by 2028. By that time, the total transaction value is likely to reach USD 15.94 billion after growing at a 13.57% rate. Hence, as a progressive business with an online presence, you need smart, efficient, and secure digital payment solutions. After all, what you sell and how you present your e-store is as important as the shopping and checkout experience you offer customers. And this is where PayTabs enters the picture to make your life as an Omani merchant easy, whether you are in the retail, hospitality, travel, entertainment, or education sector.

With PayTabs’ payment gateway innovation, you can accept international payments, prevent frauds, streamline processes, analyze important metrics, and grow like never before. Let’s delve deeper into this.

How PayTabs is Transforming Ecommerce in Oman

Slow transaction processing, late settlement of funds, security breaches, and struggling with numbers on a spreadsheet are things of the past. PayTabs is transforming the way payment gateways in Oman work, so you can expand your customer base beyond geographical boundaries, attract more website traffic, drive more conversions, and sell more. Here’s how:

  • Smooth Integrations: You can choose from APIs like mobile SDK, direct API, iFrame, and shopping cart plugins to integrate PayTabs with your e-store. Based on your business model and the profile of your shoppers, you can pick from shopping cart plugins like Shopify, Magento, WooCommerce, PrestaShop, and more. Basically, you don’t need any knowledge of coding to offer your customers a seamless checkout experience.
  • Easy Invoicing: The merchant services in Oman offered by PayTabs include automated invoice generation, which helps you save time and effort while minimizing manual errors. Moreover, you can share the same via multiple channels, including SMS, email, WhatsApp, QR code, and social media platforms. You can even send payment reminders if required.
  • Payment Flexibility: From debit and credit cards to payment links, QR codes, digital wallets, and internet banking, your shoppers can choose from multiple payment modes. This improves their likeliness to go through with transactions and reduces the cart abandonment rate. In other words, you sell and earn more besides creating a favorable impression on customers and boosting their satisfaction level.
  • Increased Payment Acceptance: If you sign up for PayTabs’ orchestration services, you will be able to manage multiple payment gateways, processors, acquirers, and banks on a single platform. This means, every transaction will be automatically routed to the most suitable processor, so that it is approved quickly and easily. A reduction in false transaction declines means a greater rate of acceptance, which is good news for both shoppers and you. They won’t feel frustrated with your payment system and abandon their shopping carts, while you will benefit from more sales.
  • Support for Multiple Currencies: PayTabs’ payment gateway innovation allows you to foray into foreign markets easily. Customers in other countries can pay you in their local currencies, while the funds get settled in the local currency. It’s a win-win for both parties. Moreover, when international customers get to pay in the currencies they are familiar with, they trust your business easily and feel the motivation to place big orders or come back in the future. So, if you wish to establish your brand and presence in new geographies, partnering with PayTabs is the way to go.
  • Robust Security: Secure payment processing is of paramount importance in Oman’s digital landscape, just like anywhere else in the world. And with PayTabs, you get to capitalize on advanced 3D Secure 2.0 solutions. The inbuilt two-layer fraud protection system additionally helps in making transactions completely safe. PCI DSS certification also makes PayTabs compliant with global cybersecurity standards and helps you protect customer and transaction data.
  • Smart Data Tracking: The merchant dashboard offered by PayTabs helps you track and measure transactions (both counts and volumes) with ease and in a single place. You can monitor the volume of monthly sales as well and devise strategies that help you sell more. It is also possible to churn out customized data-powered reports in a format of your choice and share it with other stakeholders periodically via email. You can secure such reports with a password too. As an extra convenience, you can access the dashboard on both mobile and web platforms and customize the same with brand-specific colors and logos. And to promote better operational efficiency, you can create multiple profiles and assign different roles to your team members.
  • Onboarding in Real Time: The onboarding process is simple, requires minimal documentation, and can be done in real-time. Also, make sure you have a valid credit or debit card in your name to pay the initial setup fees. In just a few hours, you can start enjoying PayTabs’ merchant services in Oman.

A New Dawn in Payment Processing for Oman

In a nutshell, PayTabs is disrupting the Omani Fintech market in unique ways and opening up a whole new world of possibilities for merchants like you. Now, you can not only accept online payments done domestically in a safe, efficient, and fast manner, but also reach out to international customers. By offering a variety of transaction methods and enabling payments in local currencies, you can win the shopper’s confidence and spark long-term loyalty. Advanced security measures will only strengthen your brand’s repute and encourage higher order volumes and repeat purchases. With PayTabs, decision-making is about to get smarter too, thanks to a unified merchant dashboard and inbuilt analytics capabilities. So, join hands with the leading payment gateway provider in the Middle East and scale your business with confidence.

11 months ago
Payment Orchestration Help Saudi Businesses
Mohab Payment Orchestration 0

Payment Orchestration Help Saudi Businesses

Saudi Arabia’s ecommerce market is expected to clock revenue of USD 24.29 billion by 2029 after growing at an 11.05% rate. So, as a future-forward business owner, it is not only a good time to grow domestically but also foray into new geographies. However, that will largely depend on how well you ace the global payment processing game. After all, no matter how appealing your products are to potential customers in foreign countries, unless they can carry out transactions smoothly and securely, you cannot gain any global foothold. This is the reason why you need to embrace payment orchestration and enhance your operational efficiencies as far as finances are concerned.

So, what does a payment orchestration platform do? It basically brings together banks, acquirers, and payment processors as well as gateways on the same platform and helps you manage it all effortlessly. It eliminates the need to conduct separate payment gateway integrations, which means a significant cost reduction for you. Now, let’s explore the different ways in which such an orchestration platform can help your Saudi business to grow beyond borders.

  1. Support for Multiple Currencies

An integral part of global expansion is to be able to accept payments in various currencies. And payment orchestration platforms help you with exactly that. You don’t have to worry about the calculations related to currency exchange either and will receive the relevant funds in your account in the home or base currency. Most importantly, by allowing customers in different countries to pay in their local currencies, you can make them feel at ease and instill a sense of trust and confidence. They will come back to you for repeat purchases and even tell their friends about it. This will in turn get you greater brand visibility and website traffic.

  1. Localized Payment Options

Payment orchestration for Saudi businesses makes it possible for you to offer foreign customers localized payment modes they are familiar with. More importantly, not all payment modes work for online transactions in all countries. Be it cards, internet banking, mobile wallet, payment link, or some other method, you will be able to provide shoppers the most suitable options. Also, orchestration helps you to localize the checkout page as well, especially when it comes to the language. This can help you build better relationships with consumers in a new market.

  1. More Conversions

As mentioned before, multiple payment gateway integrations are a cakewalk with orchestration platforms. Plus, different processors, acquirers, and banks are also present in the same place. This means that every payment request is routed more efficiently, speedily, and successfully than if you were integrated with just one or two gateways. In other words, every transaction is automatically channeled through the right gateway and to the right processor, so that the payment acceptance rate shoots up. If one processor declines a payment request, the latter is routed to another in milliseconds. This lowers instances of cart abandonment and boosts customer satisfaction levels too.

  1. Enhanced Security

Maintaining utmost security in every transaction is crucial for expanding your Saudi business globally. No customer wants their private financial data to be compromised, stolen, or misused. Luckily, payment orchestration addresses such concerns effectively with robust measures for data encryption and user authentication. Leading providers like PayTabs ensures compliance with PCI-DSS besides making sure your payment system meets local security standards in a new country. This means that customers situated in any corner of the world can trust your business and feel assured enough to go through with transactions.

  1. In-Depth Analytics

Besides facilitating seamless global payment processing, orchestration platforms also come with advanced analytics capabilities that help you generate data-rich reports periodically. These might also use visual representation techniques to help you understand patterns and trends easily. It can be immensely helpful as foraying into a new country for business is not always a straightforward affair. So, you need to track important performance parameters as far as payments are concerned. This will give you a clear idea about profits and losses, any gaps in the payment ecosystem, and areas that can do with improvement. In other words, you will be able to take more informed decisions as the days go by.

Also Read: The Benefits of Payment Orchestration for Large Enterprises

Leverage Payment Orchestration for Strategic Global Expansion

While digital revolution has blurred geographical boundaries and simplified the process of doing business with other countries, it is important to have a wholesome strategy in place for success. And since payment processing can make or break the last mile of a shopper’s experience on your site, you need an orchestration platform to manage it all smartly. From boosting payment acceptance and preventing frauds to supporting local payment modes and multiple currencies as well as generating insights-powered reports, payment orchestration for Saudi businesses can do wonders. Just make sure you research well and compare multiple providers and their service fees before taking a call. Or simply join hands with a reputed one like PayTabs for peace of mind.

11 months ago