PayTabs plans to acquire SeaPay to expand its merchant acquiring business in Saudi Arabia
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AI-assisted source synthesis · not an independent investigation.
On October 27, 2026, Fintech News Middle East reported that PayTabs Group had signed a memorandum of understanding with Arab Sea Information Systems Company to acquire SeaPay, which is wholly owned by the latter, also known as Arab Sea Financial Company. The report linked the proposed acquisition to PayTabs’ efforts to expand its merchant acquiring business in Saudi Arabia. The progress disclosed so far is that the parties have signed a memorandum of understanding; the acquisition remains proposed, and the report did not say that the transaction had been completed.
AI-written from reports · updated 7 hours ago
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- Fintech News Middle EastPayTabs signs memorandum of understanding to acquire SeaPay to expand its Saudi acquiring business
PayTabs Group has signed a memorandum of understanding with Arab Sea Information Systems Company to acquire SeaPay, wholly owned by it, namely Arab Sea Financial Company.
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