Fintech firm PayTabs acquires Türkiye’s largest social commerce platform

RIYADH: Saudi Arabia-based fintech PayTabs has acquired a 100 percent stake in Paymes, Türkiye’s largest social commerce platform.

According to a press release, Paymes will serve as PayTabs’ social commerce platform, which will help its individual customers, business owners, and micro vendors across the Middle East and North Africa region to receive instant payments over social media platforms including Messenger, Facebook, and Instagram.