Paymentology appoints Sultan Alabdullatif as Country Manager for Saudi Arabia. Expansion in the domestic financial sector. The appointment coincides with rapid operational expansion across the financial sector in Saudi Arabia. Data from the Saudi Central Bank indicates that electronic transactions accounted for 85 percent of all retail payments in 2025. That volume translated into 14.6 billion processed electronic transactions during that calendar year. Moreover, official registers recorded 371 operating financial technology firms in the Kingdom by August 2026. This environment provides growing operational space for issuer processors supplying core card management systems. International funding and platform infrastructure. Paymentology operates globally using its proprietary core platform called Lume. The processing platform handles card transactions across more than 65 countries and 14 distinct time zones. In addition, the company employs more than 500 payments specialists worldwide. The expansion in Saudi Arabia connects to an international growth initiative backed by a 175 million dollar strategic investment secured in May 2026. As a result, the processor is deploying capital into regional technical capabilities and localized operational support. Executive perspectives on local strategy. Company executives highlighted the strategic significance of the Saudi market during the announcement. "The Kingdom is a key market for Paymentology, and we're committed to investing in the local expertise, technology and relationships that will help our clients innovate, scale and succeed." Jeff Parker, CEO of Paymentology In his new position, Sultan Alabdullatif plans to expand relationships with established clients and develop new commercial partnerships. He explained that physical proximity to clients enables better alignment with institutional requirements. "Our local presence reflects Paymentology's long-term commitment to Saudi Arabia and the clients we serve. Being closer to our clients allows us to better understand their priorities, respond to their evolving needs and build lasting partnerships." Sultan Alabdullatif, Country Manager for Saudi Arabia at Paymentology The appointment coincides with rapid operational expansion across the financial sector in Saudi Arabia. Data from the Saudi Central Bank indicates that electronic transactions accounted for 85 percent of all retail payments in 2025. That volume translated into 14.6 billion processed electronic transactions during that calendar year. Moreover, official registers recorded 371 operating financial technology firms in the Kingdom by August 2026. This environment provides growing operational space for issuer processors supplying core card management systems. Paymentology operates globally using its proprietary core platform called Lume. The processing platform handles card transactions across more than 65 countries and 14 distinct time zones. In addition, the company employs more than 500 payments specialists worldwide. The expansion in Saudi Arabia connects to an international growth initiative backed by a 175 million dollar strategic investment secured in May 2026. As a result, the processor is deploying capital into regional technical capabilities and localized operational support. Paymentology has appointed Sultan Alabdullatif as Country Manager for Saudi Arabia to direct its operations and support local financial institutions. The global issuer processor established its local entity in 2025 to adapt its technology and infrastructure for the domestic market. Consequently, the appointment strengthens executive leadership on the ground in Riyadh. The company maintains commercial relationships with local financial technology firms, including Tabby and Enjaz. These institutions use issuer processing platforms to run payment programs and scale financial services across the Kingdom. In addition, the firm works closely with domestic banks to expand payment services. Career background of Sultan Alabdullatif. Before joining the company, Sultan Alabdullatif served as Head of Acceptance Solutions at Visa in Saudi Arabia. In that position, he handled commercial relationships with local banks and emerging financial companies. Earlier in his career, he worked as Country Manager for Amazon Payment Services in the Kingdom. His professional background spans more than 15 years in financial services, technology, and payments. Earlier, he held product and payments positions at J.P. Morgan. Furthermore, he holds a Master of Science degree in Computer Science from California State University, Fullerton. Company executives highlighted the strategic significance of the Saudi market during the announcement. "The Kingdom is a key market for Paymentology, and we're committed to investing in the local expertise, technology and relationships that will help our clients innovate, scale and succeed." Jeff Parker, CEO of Paymentology In his new position, Sultan Alabdullatif plans to expand relationships with established clients and develop new commercial partnerships. He explained that physical proximity to clients enables better alignment with institutional requirements. "Our local presence reflects Paymentology's long-term commitment to Saudi Arabia and the clients we serve. Being closer to our clients allows us to better understand their priorities, respond to their evolving needs and build lasting partnerships." Sultan Alabdullatif, Country Manager for Saudi Arabia at Paymentology The appointment coincides with rapid operational expansion across the financial sector in Saudi Arabia. Data from the Saudi Central Bank indicates that electronic transactions accounted for 85 percent of all retail payments in 2025. That volume translated into 14.6 billion processed electronic transactions during that calendar year. Moreover, official registers recorded 371 operating financial technology firms in the Kingdom by August 2026. This environment provides growing operational space for issuer processors supplying core card management systems. Paymentology operates globally using its proprietary core platform called Lume. The processing platform handles card transactions across more than 65 countries and 14 distinct time zones. In addition, the company employs more than 500 payments specialists worldwide. The expansion in Saudi Arabia connects to an international growth initiative backed by a 175 million dollar strategic investment secured in May 2026. As a result, the processor is deploying capital into regional technical capabilities and localized operational support.

Paymentology powers Asia United Bank's digital payments surge in the Philippines. * Payments * 19.10.2026 10:22 am Paymentology, the leading global issuer-processor has secured a strategic deal with Asia United Bank (AUB), one of the Philippines' leading universal banks, to power the institution's modern digital payments platform. Announced at The Issuer Academy Thailand Masterclass, hosted by Paymentology in Bangkok, the partnership will integrate the company's cloud-native issuing and real-time processing platform into AUB's digital ecosystem. Paymentology's platform will support AUB's flagship e-wallet, HelloMoney, alongside its mobile banking services, QR Ph capabilities and digital transfer networks. In partnership with Alipay+, HelloMoney pioneered cross-border mobile payments for Philippine banks, enabling users to scan and pay via QR code across 60 major international destinations, including Japan, South Korea, Malaysia, Hong Kong SAR, and Singapore. The deal positions Paymentology at the center of the Philippines' rapid shift toward digital finance. Latest Bangko Sentral ng Pilipinas data reveals that 62% of households performed online financial transactions in 2025, up from 53% the previous year. Through the partnership, AUB will draw on Paymentology's modern issuing and payment processing capabilities as it continues to evolve its digital payments proposition. The collaboration will provide AUB with modern, scalable payments infrastructure designed to support faster innovation and the development of new payment products and customer experiences. Wilfredo E. Rodriguez Jr., AUB Executive Vice President and Head of IT and Operations, said: "Driving digital innovation is central to our mission of providing fast, secure and frictionless financial solutions. Our partnership with Paymentology marks an important milestone in AUB's digital transformation. By combining Paymentology's advanced payments technology with AUB's strong presence and understanding of the Philippine market, we can accelerate the rollout of modern payment products and continue delivering enhanced digital experiences to our customers." Anna Porra, Chief Revenue Officer at Paymentology, added: "The Philippines is an incredibly exciting payments market, with strong momentum behind digital adoption and financial inclusion. We're proud to partner with AUB as it enters the next stage of its digital journey. Together, we have an opportunity to build payment experiences that are secure, scalable, and ready to evolve alongside AUB's ambitions." At The Issuer Academy in Bangkok, Mr. Rodriguez also joined Paymentology for a panel discussion titled "Beyond Access: Building Digital Finance People Can Trust." The session explored how financial institutions can move beyond expanding access alone and instead create digital financial experiences built around trust, usability and long-term customer relationships. The discussion reflected a wider priority for AUB as it continues to strengthen its digital offering: combining trusted customer relationships with the technology needed to deliver simpler, faster and more relevant payment experiences at scale. For AUB, the partnership with Paymentology represents another step in that direction, giving the bank a modern payments foundation from which it can continue to develop its digital proposition and respond to the changing expectations of customers across the Philippines.

Unstoppable Starts Here: brand affinity, bank affinity and why Tabby chose Paymentology verified. Quick summary. In the second clip from Unstoppable Starts Here, filmed at Money20/20 Middle East 2026, Zarik Nabi of Tabby and Jeff Parker, CEO of Paymentology, discuss the neo-banking and SME opportunity in the region, whether young customers now choose brands over banks, why Tabby picked Paymentology to power its next generation of products, and why the next wave of innovation depends on configurable infrastructure rather than the app. Where are the biggest opportunities? Zarik sees two. The first is the neo-banking, single consumer finance platform space, where there is already a lot of action. The second is SMEs, which he says remain underserved by incumbents on capital, account services and basic needs. "There's still a big friction in terms of a small business trying to even open themselves up," he says, calling it an area that needs a lot of development. Will banks still dominate, or sit behind powerful brands? Jeff points to Saudi Arabia's very large young population and argues that young people now have brand affinity rather than bank affinity, with fintechs and even retailers launching financial services. Zarik doesn't think it will be one or the other: both will exist, but it is up to banks to evolve. Tabby's own experience backs the brand argument. Adoption of Tabby Cash, its debit or prepaid product in the UAE, has been fairly quick and significant, because customers who already know Tabby come looking for more products. "It doesn't matter whether you're a bank or you're a fintech platform," he says. If a brand delivers transparency, speed and reliability, "the definition of what you are is then secondary." Why did Tabby choose Paymentology? Tabby is now in both issuing and acquiring, and Zarik says it looks for partners who are better than Tabby, or at least as good. Looking across the landscape, Paymentology stood out for powering card programmes for global players, and for a mindset and technology stack that fit how Tabby works today, making it "only natural that we come together and we build a programme of our own." Jeff says Paymentology has been fortunate to build a business with 400 clients across 70 countries, and that the clients it is most excited to power are larger fintech brands venturing into digital banking with innovative, market-leading experiences. Why does infrastructure matter now? Jeff argues that the last five to ten years of innovation have centred on the front-end experience, largely through the mobile app, but there is only so much you can do there if the infrastructure underneath is not configurable, flexible, scalable and able to run in multiple markets. Paymentology's answer is a single global, cloud-native platform, increasingly using AI to support decision-making, that stays true to its SaaS roots so clients can configure on top of it and keep innovating. Zarik agrees: a lot happens under the hood that provides differentiation customers never see. Ff news take: The brand-versus-bank question is usually framed as a threat to incumbents. Zarik's answer is more practical: once customers trust a brand to be fast, transparent and reliable, they will take more products from it, whatever its licence. That puts the pressure on the processing layer, which is why both men keep coming back to infrastructure. Featured speakers.