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PayTic said in a statement that it has selected NymCard as its first strategic client in the GCC, allowing the Moroccan fintech to introduce its automation platform across Saudi Arabia and neighboring markets where digital payments continue to expand rapidly. The partnership will enable NymCard to automate reconciliation, chargeback processing and regulatory reporting while reducing manual intervention in back-office functions. According to a report by TechCabal in April 2025, PayTic had recently closed a $4.4 million funding round that it will use to deepen its MEA footprint including targeted growth in the Kingdom.
Imad Boumahdi, CEO at PayTic, said in the announcement, “We are thrilled to welcome NymCard as our first strategic customer in the GCC. This partnership represents not only our expansion into this dynamic market but also our commitment to delivering world-class payment automation solutions that drive efficiency and innovation in the fintech sector.” NymCard operates a cloud-native, API-first platform that lets businesses launch card issuing, lending and money-movement products at speed. The integration of PayTic’s system will provide NymCard with real-time transaction oversight and compliance support as it scales operations.
Saudi Arabia’s central bank data shows cashless transactions accounted for 79 percent of retail payments in 2024, exceeding the 2025 target set under Vision 2030 and creating strong demand for advanced operational tools. Arab News reported that the Kingdom’s progress reflects broader regulatory reforms aimed at positioning Saudi Arabia as a regional fintech leader. PayTic’s entry through the NymCard relationship aligns with that trajectory by offering infrastructure that can handle increased transaction volumes with greater accuracy and lower risk.
Founded in 2020, PayTic has built a no-code SaaS platform that modernizes payment operations for banks, processors and fintech companies across Europe, the Middle East and Africa. The company said its clients already include CIH Bank and CFG Bank in Morocco as well as several African fintechs. By extending its reach into Saudi Arabia, PayTic expects to support local institutions seeking to replace legacy manual processes with scalable, automated workflows.
The NymCard partnership highlights growing interest in specialized payment technology within the GCC, where regulators have introduced frameworks to encourage innovation while maintaining strict compliance standards. Industry assessments from PwC Middle East have flagged digital transformation in financial services as one of the bloc’s most active reform areas. PayTic’s platform, which eliminates integration complexity, is designed to accelerate deployment for clients navigating these evolving requirements.
Further client acquisitions and product enhancements are planned as PayTic builds on the GCC foothold established with NymCard, the statement indicated. The company’s total funding now stands at $7.4 million following the latest investment led by AfricInvest with participation from multiple venture partners. Market observers expect continued consolidation of payment infrastructure providers as Saudi Arabia and its neighbors pursue ambitious non-oil economic targets.
