PaySar is a digital wallet solution designed specifically for use in Saudi Arabia. It offers a secure and convenient platform for users to manage their finances and make payments through their smartphones. The company's primary focus is on providing financial services to international pilgrims visiting the Kingdom of Saudi Arabia.
PaySar Technologies Private Limited, the company behind the PaySar digital wallet, was incorporated on February 18, 2021, in Hyderabad, Telangana, India. The company is relatively young, being approximately 3 years and 7 months old as of 2024.The founder and CEO of PaySar is Fahad Bin Mahfooz, who has a background in IT services, cybersecurity, and digital transformation. His experience includes roles at companies like SonicWall, Dell EMC, and Evanssion, which likely contributed to the development of PaySar's security-focused digital wallet solution.
PaySar's main product is a digital wallet with the following key features:
Smartphone app availability
International fund deposits
QR code payment scanning
Near Field Communication (NFC) payment capabilities
Balance retrieval upon return to the home country
Secure financial management
Tailored for international pilgrims visiting Saudi Arabia
Based on the company's description and focus, PaySar appears to value:
Innovation in financial technology
Simplifying financial transactions for international visitors
Enhancing the experience of pilgrims in Saudi Arabia
PaySar's primary user base consists of international pilgrims visiting Saudi Arabia. The platform is designed to cater to the specific needs of this community, allowing them to manage their finances easily during their stay in the Kingdom. However, specific user numbers or community size are not provided in the available information.
