Asif OsmanAsifosman.co.uk · Freelance Consultant asifosman.co.uk Helping low volume retailers with marketing tools | Retain/Acquire customers.

Asif comments final

Name: Asif comments final
Uploaded: 2014-09-29T07:43:07+00:00
Duration: 2 min 46 s
Channel: Asif Osman
Description: Asif Osman, chief commercial officer of PayTabs, explains how the payment gateway helps Middle Eastern SMEs accept credit cards online. Before PayTabs…

29 Sept 2014 · 3 min

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2:46

Asif Osman, chief commercial officer of PayTabs, explains how the payment gateway helps Middle Eastern SMEs accept credit cards online. Before PayTabs, small businesses faced high barriers through banks or brokers. The company is backed by Saudi Aramco's Waed venture arm and Wired, and focuses on solving fraud control and remote verification challenges.

Questions this video answers

Asif Osman.

Saudi Aramco (via its Waed venture arm) and Wired co are named as owners/ investors.

Controlling fraud and reviewing/verifying customer documents remotely (without seeing the person live).

Chapters

My name is Asif Osman. I'm the chief commercial officer for PayTabs and essentially my job responsibilities are on HR, sales and marketing. Well, PayTabs is a very, very unique company for the Middle east market. And what we do is we offer opportunities for people to be able to accept credit card payments online. No one else can do that. Well, before we came along, SMEs used to have to go to banks and either pay a very large deposit or they would have to go to a broker agency who would take them to the bank and they would either get the payment gateway or they wouldn't. So it was a not sure business. We offer a simplified process and once we came along SMEs have a much larger or better chance to get a solution for payment gateway. Well, we are funded by the largest oil exporter in the world, that is Saudi Aramco. Saudi Aramco has a venture capital wing for Saudi entrepreneurs called Waed and Wired co owns our company. We see a very, very bright future for PayTabs. And one of the reasons I signed up to join PayTabs is because I see a very, very bright future giving chances for SMEs and individuals around this region to become online entrepreneurs. Before we came along that wasn't really a possibility. We are going to create opportunities for people. What are the technologies? The technical challenges are how to control fraud, how to ease the process. Because we have a one stop shop solution. One stop shop meaning that you don't have to go to anyone else. You go to our website, submit all the documents. We in our internal team review these documents and these come with programming challenges, technical challenges like how do we review the documents without seeing the person live in front of us. So these are some of the challenges we are trying to overcome. Well, we want to see millions of people in the Middle east become online entrepreneurs and PayTabs can make that possible. Well PayTabs, that's a question you have to ask my boss because everybody asks us the same question. Are we anything like PayPal? I don't think so. PayTabs was born as a vision of my boss and he created many TABS companies and PayTABS is just one of them.