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Amazon launches its digital payment services for businesses in MENA region December 16, 2020 Omar Soudodi, Managing Director, Amazon Payment Services DUBAI — Amazon this week launched Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region with a mission to empower businesses with simple, affordable, and trusted online payment experiences. The newly launched Amazon Payment Services provides secure online payment services that are easy-to-use, leveraging Amazon scalable, and reliable technologies...

The service offers businesses in the region the capacity to accept all forms of payments securely. Amazon Payment Services will enable Saudi businesses to process both global and local payments, enable payments to be made in installments, monitor payment performance and protect businesses from fraud attempts by accurately converting currencies. Amazon Payment Services began as Payfort in 2013 and joined the Amazon group of companies when the online conglomerate acquired the Souq Group in 2017. “Payfort is becoming Amazon Payment Services, which launched today,” said Omar Soudodi, managing...

Payfort is now Amazon Payment Services. In 2017, Amazon acquired Payfort as part of the Souq Group acquisition. Amazon has now completed integrating Payfort into the Amazon UAE ecosystem. Amazon Payment Services provides access to a range of payment services to its business customers that enables them to accept online payments using both global and local payment methods, offer installments to customers and monitor payment performance round the clock. Today, Amazon Payment Services says it processes transactions for thousands of businesses across multiple industries, ranging from aviation to t...