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Azerbaijan's startup project expanding into Middle East and North Africa

Economy Materials 18 April 2022 19:58 (UTC +04:00)
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, April 18. Azerbaijan's Paymes startup project is teaming up with PayTabs, a payment processing company incorporated in Saudi Arabia, to enter the Middle East and North Africa (MENA) region, Growth Manager at Paymes Tariel Aghazada told Trend.

According to him, Paymes and PayTabs have signed an agreement to provide e-commerce services to millions of entrepreneurs in the MENA region.

"As part of cooperation, Paymes Turkey and Azerbaijan offices will become the administrative centers of PayTabs' Eurasian operations. Cooperation between Paymes and PayTabs, which is to compete with global financial institutions, will help expand payment technologies and capabilities of the Azerbaijani startup," Aghazada added.

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