Riyadh – Sharikat Mubasher: TotalPay, a payment gateway company that provides comprehensive payment solutions to businesses, announced it has received approval from the Saudi Central Bank (SAMA) to operate as an E-commerce Payment Technical Service Provider (PTSP), marking a significant milestone in the company's regional expansion strategy.
As per the company’s announcement, this authorization allows TotalPay to provide technical support services for e-commerce payment solutions in Saudi Arabia, strengthening its presence in one of the region's fastest-growing digital payments markets.
The company said the approval underscores its commitment to delivering secure, reliable, and innovative payment technology solutions to businesses across the Kingdom. It added that the milestone aligns with its broader strategy to expand its regional footprint while supporting the development of Saudi Arabia's digital economy.
Following the approval, TotalPay plans to collaborate with merchants, financial institutions, and technology partners to help accelerate the growth of the Kingdom's digital payments ecosystem.
