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      PayTabs to Acquire Amazon Payments Operations in MENA for $100 Million

      Amazon has reached an agreement to sell its payments operations in the Middle East and North Africa (MENA) to Saudi Arabia-based PayTabs for $100 million. This transaction marks a significant move in the regional payments landscape, as PayTabs aims to enhance its service offerings and expand its market presence.

      The acquisition will allow PayTabs to integrate Amazon's existing payment infrastructure and customer base, potentially increasing its competitiveness in the rapidly evolving digital payments sector. The deal is expected to be finalized in the coming months, subject to regulatory approvals.

      This transfer of operations reflects the growing trend of consolidation in the fintech industry, as companies seek to leverage established platforms to accelerate growth and innovation in payment solutions.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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