Saudi Arabia’s PayTabs Group, the region’s award-winning payment solutions provider, today announced a strategic agreement with Modirum – a global brand with a track record of delivering effective 3D secure solutions for over 20 years.

The alliance between the two firms aims to offer flexible, robust, and cost effective EMV 3D secure authentication solutions for PayTabs merchants, banks, and processors across the Kingdom of Saudi Arabia.

With cybercriminals on the lookout for security lapses, one of their favorite targets is collecting sensitive payment information of online shoppers. The biggest benefit of 3D secure payments is that it prevents any payment fraud or identity theft for both the end customer and merchants. According to a report by Deloitte, several organizations in the Middle East are struggling with online payment fraud, especially since the pandemic hit.

Modirum’s 3DS solutions make it possible for PayTabs as a payment processor to offer authentication and verification of users’ identity. This ensures secure and seamless digital payments across all devices such as desktops, laptops, tablets, and mobiles. The software security solution also aims to prevent card fraud on merchants’ websites and e-stores offering ecommerce vendors peace of mind.

Certified for Verified by Visa and Visa Secure, MasterCard SecureCode, American Express Safekey, Union Pay and various other card schemes, the solution from Modirum also offers PayTabs merchants multiple integration options and APIs to ensure secure end to end transaction processing.

Commenting on the partnership, Jari Heikkinen, CEO of Modirum said, “We are delighted to be working with PayTabs, the leading payment company in Saudi Arabia. Our 3D Server Solution is in use globally and recognized as one of the best in the industry by merchants, payment gateway companies and acquirers. We are proud that PayTabs chose to partner with us in this highly dynamic market and we look forward to continued growth in the region.”

While at the PayTabs Group HQ in Saudi Arabia, Abdulaziz Al Jouf, founder, and CEO of the PayTabs Group added, “Together with Modirum, we are committed to elevating digital payments on Saudi soil by offering millions of ecommerce merchants, globally certified 3D Secure solutions. This partnership marks a new dimension in payment security and is one step closer in the Saudi Kingdom’s vision 2030 to digitize the economy and payment ecosystem.”

The post PayTabs becomes first to deploy Modirum 3D Secure payment solutions within the Kingdom of Saudi Arabia appeared first on Fintech Finance.