Abdulaziz Fahad Al Jouf: The Serial Entrepreneur Revolutionizing the E-Commerce Sector in the MENA Region

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Abdulaziz Fahad Al Jouf is a Saudi entrepreneur and the Founder and CEO of PayTabs, a payment processing company that he started in Saudi Arabia in 2014. He is a dynamic, enthusiastic, focused, and hands-on natural leader, who is dedicated to supporting and mentoring young entrepreneurs. In this article, we will explore his background, his company, and his achievements.

Abdulaziz Fahad Al Jouf’s Educational Background

Abdulaziz has a background in computer engineering and Islamic business. He studied at the following institutions:

  • New York Institute of Technology: He obtained an MBA in E-Business from this university, where he learned the skills and knowledge to manage and grow online businesses.
  • University of Missouri-Kansas City: He studied ECE & E at this university, where he gained the technical expertise and experience to develop and implement software solutions.
  • University of Nebraska at Omaha: He studied IT at this university, where he acquired the IT skills and knowledge to design and maintain IT systems and networks.
  • Imam Muhammad Ibn Saud Islamic University: He graduated from this university in 1999 with a bachelor’s degree in Islamic business, where he learned the principles and practices of Islamic finance and commerce.

PayTabs: A Payment Solution Provider for the MENA Region and Beyond

PayTabs is a company that provides online payment solutions for businesses and professionals in the Middle East and North Africa (MENA) region and beyond. PayTabs enables merchants to accept online payments securely and efficiently, without the need for a bank account or a merchant account. PayTabs also offers features such as fraud prevention, multi-currency support, invoicing, and reporting.

PayTabs was born out of Abdulaziz’s own experience in founding previous e-commerce businesses, such as SaleTab and Extabs, where he faced challenges in finding a suitable payment gateway for his customers. He decided to create his own payment platform that would cater to the needs of the MENA market and solve the pain points of online merchants.

Some of the challenges that PayTabs addresses are:

  • High fees and commissions: PayTabs charges low fees and commissions for its services, making it affordable and attractive for online merchants.
  • Complex and lengthy procedures: PayTabs simplifies and speeds up the process of setting up and using its payment platform, making it easy and convenient for online merchants.
  • Limited payment options: PayTabs supports various payment methods, such as credit cards, debit cards, PayPal, Apple Pay, and Samsung Pay, making it accessible and flexible for online merchants and their customers.
  • Lack of security and trust: PayTabs ensures the security and privacy of the transactions and the data, making it reliable and trustworthy for online merchants and their customers.

PayTabs has grown rapidly since its inception and has raised $20 million in funding from various investors, including STV, Raed Ventures, and Aramco Entrepreneurship Ventures. PayTabs has also expanded its presence to 17 countries, including Bahrain, UAE, Egypt, India, and the Philippines. PayTabs has over 150 employees and serves more than 20,000 merchants across various industries, such as e-commerce, education, travel, and healthcare.

Abdulaziz’s Milestones and Signature Achievements

Abdulaziz has been recognized as one of the 11 Saudi entrepreneurs shaping Saudi Arabia’s future by Al Bawaba and one of the 100 most influential people in Saudi Arabia by Arabian Business. He has also won several awards and competitions, such as the MIT Enterprise Forum Arab Startup Competition, the Startup Turkey Challenge, and the Arabnet Riyadh Startup Battle.

Abdulaziz is passionate about innovation and technology and believes that PayTabs can transform the payment industry and the e-commerce sector in the MENA region and beyond. He is also a role model and a mentor for aspiring entrepreneurs in the region and frequently shares his insights and advice on various media platforms.

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“Our values are the foundation of our business culture and are embedded in daily operations.”

ALSO READ: Top 10 Most Influential Leaders in Saudi Arabia, 2024

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