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Paymob Gets Official Certification To Operate In Saudi Arabia

The fastest growing fintech in the MENA region has been issued with Saudi Arabian Payment Technical Services Provider certification.

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paymob gets official certification to operate in saudi arabia

Paymob, the MENA region’s leading fintech payment provider, has announced that it can now officially provide services in Saudi Arabia, after securing Payment Technical Services Provider (PTSP) certification.

The fintech startup opened an office in Riyad in April 2023, and being given the official go-ahead by the Saudi government represents a considerable milestone for Paymob and its regional expansion plans.

Since its foundation in 2015, Paymob has enabled over 200,000 small-to-medium businesses and e-commerce merchants across North Africa and the Middle East to accept payment via 40+ online and in-store methods.

The Kingdom of Saudi Arabia is home to over 1 million microbusinesses and small-to-medium enterprises and boasts a favorable growth rate of 12% per annum. As part of Saudi Arabia’s Vision 2030 strategy, the government plans to increase the contribution from small businesses to the country’s GDP from 20% to 35% while simultaneously boosting the amount of non-cash transactions to over 70% of the total consumer spend.

Saudi Arabia is also experiencing extremely rapid eCommerce growth, with year-on-year transaction volumes increasing by 65%. The country’s rapid digitization and favorable market conditions make it an excellent fit for digital payments enablers like Paymob, which has a proven history of providing highly-localized, cutting-edge solutions.

Also Read: A Guide To Digital Payment Methods In The Middle East

Islam Shawky, Co-founder and CEO of Paymob, was understandably enthusiastic about the recent certification: “Obtaining the PTSP certification in Saudi Arabia is a significant accomplishment for us. It reflects Paymob’s commitment to our KSA expansion plans while serving merchants and entrepreneurs across the Kingdom to support their growth with cutting-edge financial technology solutions. We are excited to contribute to the emerging fintech ecosystem in Saudi Arabia and to play our part in driving the Kingdom’s digital transformation outlined in Vision 2030”.

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At I/O 2026, Sundar Pichai Concedes AI Must Deliver Real Value

Gemini 3.5, a personal agent called Spark, agentic shopping, and Android XR eyewear are all aimed at making AI feel useful, not just impressive.

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at io 2026 sundar pichai concedes ai must deliver real value
Google

Google’s annual I/O developer conference (I/O 2026) has recently become a status update on the same question: can the company turn its AI spending into products people use every day? This year, chief executive Sundar Pichai described Google as being in a phase of hyper progress, while conceding this is the part of the cycle where people want to see real value in the products they use on a day-to-day basis.

The strategy on display was to push agents — AI systems that act on a user’s behalf — into nearly every Google product at once. Search now has an “intelligent search box” that returns generated explainer videos alongside links. Gmail, Docs, YouTube and Maps are gaining their own agent layers, including a Docs Live feature that turns spoken instructions into drafted text with citations.

Two new models, Gemini 3.5 and a cheaper Gemini 3.5 Flash, arrived the same day. Google says 900 million people now use Gemini, and that more than 50 billion images have been generated with it. The pricing tier names are likely to confuse buyers: a new AI Ultra plan launches at $100 a month, while the older Gemini AI Ultra drops from $250 to $200.

The flashier announcements were Gemini Omni, a video generator pitched as a more realistic answer to OpenAI’s discontinued Sora 2, and Gemini Spark, a personal agent that handles recurring tasks across a user’s Google account. A new universal shopping cart lets agents complete purchases across multiple retailers from inside Google itself, placing the company between the merchant and the buyer, and also owning the checkout.

Also Read: DJI Teases Dual-Camera Osmo Pocket 4P For 2026 Launch

Google also confirmed its Android XR eyewear, built with Samsung and frames from Warby Parker and Gentle Monster. Audio-only glasses ship this autumn; a display-equipped version, which would superimpose live translations into the wearer’s field of view, is still in development. Both sets translate, however only the display version shows you the result.

What Pichai did not resolve is the bargain underneath all this. An agent is only useful to the degree it knows your calendar, your inbox, your shopping history and your physical surroundings. Google has now confirmed that, in time, the same context may carry advertising.

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