PayerMax, a prominent global payment solutions provider, has been awarded the Payment Technical Service Provider (PTSP) certification by Saudi Payments, under the auspices of the Saudi Central Bank (SAMA). This certification authorizes PayerMax to extend its payment gateway services to merchants across Saudi Arabia.
This achievement permits PayerMax to fully integrate into Saudi Arabia’s financial system. Recently, the company became the first Asian firm to set up regional headquarters in Riyadh through the Ministry of Investment’s Regional Headquarters Program (RHQ), strengthening its foothold in the Middle East’s vibrant fintech market.
PayerMax supports over 600 payment methods in more than 150 countries, focusing on enabling the growth of leading digital merchants in emerging markets.
Wang Hu, Co-Founder of PayerMax, remarked, Securing the PTSP certification is crucial as we expand in the Kingdom. It enables us to offer our advanced payment solutions to merchants, providing a secure and efficient payment infrastructure.
He added, As Saudi Arabia advances towards becoming a global fintech hub under Vision 2030, we are eager to support this transformation by equipping merchants with essential digital economy tools.
Aligned with Saudi Arabia’s Vision 2030, PayerMax is dedicated to fostering the Kingdom’s digital transformation and enhancing its fintech ecosystem. The company’s innovative solutions aim to simplify global and local payment processing, ensuring smooth and secure transactions for businesses.