MEPS Palestine and PayTabs Group provide seamless online payment solutions to Palestinian enterprises and e-commerce ventures.
Middle East Payment Services (MEPS), Palestine and PayTabs Group, a Middle East and North Africa (MENA) payments solution provider, have partnered to power digital payments in Palestine. The alliance’s main goal is to support and strengthen Palestine’s small and medium-sized businesses, e-commerce entrepreneurs, webpreneurs, and innovators. To be able to sell on the internet or through social media, it looks to do so through straightforward and reliable payment methods.
By enabling smooth online payments, recurring payments, electronic invoicing, and accepting payments from clients in US dollars, Jordanian dinars, and local currency, PayTabs and MEPS Palestine seek to fulfill these goals. PayTabs’ full stack technology stack and features are designed to increase payment acceptance flexibility. particularly when using Visa and Mastercard as payment methods.
Using PayTabs’s online payment services Palestinian online shops and retailers will also be able to use PayLinks to conduct business on social media platforms including Facebook, WhatsApp, and Instagram. According to the report, 2.95 million people in Palestine used social media in January 2023, or 56% of the country’s population. Additionally, more than 80% of the population has access to mobile connectivity, creating a significant possibility for social commerce.
The value of social media channels
The World Economic Forum reports that many Palestinian businesses are already providing delivery services through social media channels. Importantly, they provide a variety of goods, from groceries to electronics and fitness equipment. In addition, many Palestinians are currently enjoying the convenience of ordering a product online and having it delivered right to their home for the first time.
It goes without saying that the pandemic forced most cash-based economies around the world—including Palestine—to accelerate the use of digital payments. As a result, PayTabs’ competitive product pricing and cost-effective website integration solutions will help Palestinian retailers grow their companies and become profitable in the online market.
Developing Palestine’s economy
Sami Abu Yousef, vice chairman of the board of directors of MEPS Palestine, said during a press conference that working with PayTabs will help owners of small projects, e-commerce websites, and online storefronts to grow their businesses. The development and growth of sales activities, as well as the availability of a wide range of electronic payment options, including the acceptance of all forms of overseas payments, are all facilitated by this service.
“The growth and establishment of the e-commerce market in Palestine is one of the economic engines, with a direct impact on supporting entrepreneurs, digital innovations, and openness to the international trade market, and contributes to increasing Palestinian exports and improving the trade balance on the one hand, and an opportunity to showcase Palestinian products and services on the other.”
PayTabs’ Levant & Southern Gulf regional general manager, Eyad Musharbash, continued, “PayTabs is honored to enter the Palestine market. The market’s cornerstone for development is web commerce.
“We will use the enormous potential of the Palestinian market to innovate and close the regional fintech gap. additionally the larger Levant region. To support the expansion of Palestine’s emerging economy gives us a strong feeling of purpose.
