PayTabs and Fintech Galaxy Unite to Accelerate Open Banking Across the GCC

PayTabs Group and Fintech Galaxy have signed a strategic partnership to combine payment orchestration and open banking capabilities, targeting SMEs and financial institutions across the GCC.

The collaboration brings together PayTabs' payment processing infrastructure with Fintech Galaxy's open banking platform, aiming to deliver integrated solutions that reduce friction for businesses operating across multiple Gulf markets. The partnership is designed to help merchants accept payments more efficiently while leveraging open banking data to streamline onboarding, credit assessments, and reconciliation processes.

For SMEs in the GCC, the deal addresses a persistent challenge: managing payments and financial data across fragmented regulatory environments and banking systems. By combining orchestration and open banking in a single offering, the partners aim to provide a more cohesive financial toolkit for businesses that operate regionally rather than in a single market.

PayTabs, headquartered in Saudi Arabia, has established itself as one of the Gulf's leading payment technology providers, processing transactions across multiple countries in the region. Fintech Galaxy, based in Bahrain, operates an open banking marketplace that connects fintechs, banks, and regulators through standardised APIs.

The partnership represents a broader trend in Gulf fintech: infrastructure players joining forces to build interoperable financial ecosystems rather than competing on individual products. As GCC governments push for greater financial inclusion and digital payment adoption, partnerships between payment processors and open banking platforms are expected to accelerate.