logo
Paymentology expands Dubai presence with new office to support growth across the Middle East

Paymentology expands Dubai presence with new office to support growth across the Middle East

Zawya16-07-2025
Dubai, UAE – Paymentology, the leading global issuer-processor, has announced the opening of its new and expanded office in Dubai, marking a significant milestone in its continued investment across the Middle East.
The relocation reflects Paymentology's expanding regional footprint, driven by a fast-growing client base and rising demand for advanced, scalable payment infrastructure. With clients and partners including organisations such as Wio, Mamo, Mawarid Finance, and Zand, the new office will serve as a strategic hub for delivery, collaboration, and innovation, supporting digital banks and fintechs across the region with next-generation payment experiences.
Jeff Parker, CEO, Paymentology commented: 'The Middle East has reached an inflection point. We're seeing governments prioritise financial innovation, regulatory frameworks that support experimentation, and a new generation of digital banks gaining real traction. Our investment in this new space reflects that shift. It's designed to act as a regional engine for client success, efficient execution, and long-term scale.'
The announcement comes at a time of significant momentum for the region. The Middle East is fast becoming one of the world's most exciting fintech frontiers. Digital banking adoption in the UAE is soaring, 89% of consumers now use digital-first bank accounts, and digital payments now account for just 17% cash usage in everyday transactions. Real-time payments are also growing rapidly, with the region expected to exceed 3 billion transactions by 2028. Across MENA, over 1,000 fintechs are now operating, with the sector expected to grow 35% annually through 2028, more than double the global average.
Nauman Hassan, Regional Director for MENA: 'Dubai has been home to our regional team for a decade, but this move is symbolic of the momentum we're seeing here. In just a few years, we've gone from early-stage digitisation to fully cloud-first banks, instant payments, and embedded finance becoming mainstream. As that complexity grows, our clients need partners who understand the regulatory nuance, user behaviour, and infrastructure demands of each market.'
The Dubai office will serve as a base for client delivery, partner engagement, and operations, housing an expanded team of local experts. As part of a global network spanning 50 countries and 14 time zones, Paymentology combines leading technology with deep local market knowledge, ensuring its clients receive tailored, responsive support wherever they operate.
To further highlight its commitment to the region, Paymentology has also been awarded the Excellence Award at the Mawarid Fintech & Innovation Summit 2025. This recognition celebrates the company's strong partnerships and outstanding contributions to advancing financial innovation across the Middle East.
About Paymentology
Paymentology is the leading next-generation issuer processor, empowering fintechs, digital banks and retail banks to effortlessly launch and manage innovative payment solutions on a global scale. The company drives greater customer choice and value through easy-to-use, integrated platforms and services that help clients to disrupt the status quo, accelerate time to market, and achieve growth.
With a superior multi-cloud platform offering a vast global footprint, and enhanced real-time data, Paymentology distinguishes itself as a leader in the payments industry. Its team of payments experts, with deep local market knowledge, operates across 60 countries and 14 time zones, providing 24/7 support. Paymentology is deeply committed to expanding financial inclusion globally, changing lives and positively impacting the communities in which it operates.
For more information, visit https://www.Paymentology.com.
Media contact
Becky Sales, PR Manager
Becky.sales@paymentology.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

FANR's Board of Management Meeting spotlights Barakah operations, strengthens global ties
FANR's Board of Management Meeting spotlights Barakah operations, strengthens global ties

Al Etihad

time26 minutes ago

  • Al Etihad

FANR's Board of Management Meeting spotlights Barakah operations, strengthens global ties

7 Aug 2025 15:43 ABU DHABI (WAM) The Board of Management of the Federal Authority for Nuclear Regulation (FANR) convened its fourth meeting of the meeting, the Board was briefed by the Chair of the Audit and Risk Committee on the status of FANR's Audit Plan, and by the Chair of the Development and Improvement Committee on the authority preparations for its 2027–2029 strategy cycle, which aligns with the national 'We the UAE 2031' Board was also updated on FANR's ongoing Zero Bureaucracy initiatives aimed at streamlining processes and enhancing operational FANR's Director-General provided an update on the regulator recent progress in terms of national and international cooperation as well as its regulatory oversight the meeting, the Board reviewed FANR's ongoing regulatory oversight of all four units at the Barakah Nuclear Power Plant. This includes current refueling activities for Unit 4 and scheduled maintenance across other units in 2025. FANR continues to carry out rigorous inspections and monitoring to ensure the plant's operations remain safe, secure, and fully compliant with national regulatory Board discussed the National Gamma Monitoring Expansion, designed to enhance FANR's capacity to monitor radiation levels across a broader geographic project also aims to enhance FANR's data sharing by integrating the regulator's monitoring systems with regional and international the Board discussed the establishment of National Laboratories for Cytogenetic and Internal laboratories will provide advanced capabilities to assess radiation exposure among workers and enhance the UAE's response capacity during radiological emergencies, in line with international safety the Board approved several international agreements and Memoranda of Understanding to further strengthen cooperation in the fields of nuclear and radiation safety, safeguards, and research and development. These agreements include partnerships with key regulatory bodies in France, the United States, and other countries.

Space42 reports resilient H1, boosted by optimised ops, strategic execution
Space42 reports resilient H1, boosted by optimised ops, strategic execution

Gulf Business

time26 minutes ago

  • Gulf Business

Space42 reports resilient H1, boosted by optimised ops, strategic execution

Image courtesy: Space42/ For illustrative purposes UAE-based AI-powered Spacetech company The company, listed on the Abu Dhabi Securities Exchange under the symbol SPACE42, posted a normalised net profit of $53m, flat compared to the same period last year, but with a higher margin. Cash and short-term deposits stood at $816m as of June 30, alongside a newly secured $0.7bn ECA-backed funding facility. Space42 also reported contracted future revenues of $6.8bn. 'H1 2025 demonstrates our commitment to operational excellence and capability building. The momentum across our platform shows that our dual-use capabilities deliver both commercial success and strategic value. With Thuraya-4 entering commercial operation and our programmatic approach taking hold, combined with sustained optimization, we're positioned for growth aligned with market demand,' said MD Karim Sabbagh. Space Services recorded 2 per cent year-on-year revenue growth in Q2 2025, reaching $100m, led by double-digit growth in the oil and gas sector. Growth was attributed to demand for secure communications and mobile satellite services in the UAE, with this trend expected to continue. The recent launch of the Thuraya-4 satellite, set to enter commercial service in H2 2025, is expected to accelerate growth with new offerings in defense, security, and commercial applications. The company also reported progress in its direct-to-device (D2D) system, with further developments anticipated later this year. Despite underperformance linked to multi-year programme timing, Smart Solutions continued capability development and began seeding key programs set to scale in H2 2025. It is focused on deploying the Foresight system, featuring seven Earth observation satellites, and advancing the GIQ geospatial analytics platform, now available on Microsoft Azure Marketplace. These efforts were recognised with the Future Fit seal by the UAE government under the UAE Space Agency, underscoring the strategic value of Space42's dual-use technologies. Strategic pillars show broad progress Space42 reported progress in these areas: Launched the Middle East's first SAR satellite manufacturing facility in partnership with ADIO. Completed construction of a High-Altitude Platform Systems (HAPS) manufacturing and R&D site, targeting full commercial rollout by 2026. Signed MoU with Microsoft and Esri for the Map Africa Initiative, a five-year AI-powered mapping program across all 54 African countries. Scaled the GIQ platform ahead of full commercialisation in Q4 2025. Received the UAE Government's Future Fit Seal for innovation. Advanced joint venture with FADA and EDGE to develop a national geospatial ecosystem. Continued development of AI-integrated command and control systems and sensing technologies. Near completion of Thuraya-4 in-orbit testing, with 16 new products rolling out including IP Neo Broadband and Thuraya Broadband Hotspot. Ongoing development of D2D space systems with Viasat, establishing a 5G NTN multi-orbit platform. Continued progress on the Al Yah 4 and Al Yah 5 satellite programme, with design reviews underway. These assets support a $5.1bn, 17-year government contract generating $300m annual revenues from Q4 2026. Read: Financial highlights: At a glance Metric Result Revenue $226m (-17 per cent YoY) Normalised EBITDA $112m (-14 per cent YoY); margin up 2pp to 49 per cent Normalised Net Profit $53m (flat YoY); margin up 4pp to 23 per cent Cash CapEx $109m Cash / Short-Term Deposits $816m Negative Net Debt $478m Net Leverage Ratio -1.8x Contracted Future Revenues $6.8bn

ADX welcomes Thndr as its first remote retail trading member
ADX welcomes Thndr as its first remote retail trading member

Zawya

time26 minutes ago

  • Zawya

ADX welcomes Thndr as its first remote retail trading member

ADX becomes the first exchange in the GCC to welcome Thndr, a leading regional investment platform. Thndr users will soon be able to invest directly in ADX-listed securities and ETFs Thndr partnership reinforces ADX's commitment to financial inclusion and innovation Abu Dhabi, United Arab Emirates: The Abu Dhabi Securities Exchange (ADX) today onboarded Thndr, a leading retail investment platform in the MENA region, as the first remote retail trading member on the largest exchange in the UAE, the second largest in the MENA region, and among the top 20 in the world. Thndr, a Hub71 start-up, is one of MENA's first fully digital investment platforms. Regulated by the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA), Thndr is set to make its mark in the UAE following its strong track record in the region. In 2024 alone, Thndr recorded over $13 billion in trading value and executed 12 million trades. With more than four million downloads, access to three markets – the UAE, Egypt, and the U.S. – and a wide range of asset classes, including stocks, gold, mutual funds, and savings products, Thndr is building a true investment one-stop shop. Thndr users will soon be able to invest directly in some of the most valuable listed companies and exchange-traded funds (ETFs) in the UAE through its mobile investment platform, demonstrating the ADX's commitment to connecting Abu Dhabi to global capital. This landmark announcement was made today during a special event at the ADX's headquarters in Abu Dhabi. Abdulla Salem Alnuaimi, Group Chief Executive Officer of the ADX, said: 'ADX onboarding Thndr is a transformative step in creating tangible trading bridges across the region's capital market. As the first exchange in the GCC to welcome Thndr, we are demonstrating our commitment to financial inclusion and our leadership in unlocking new investment opportunities in Abu Dhabi's robust capital market. We are setting a benchmark for digital innovation and cross-border collaboration in financial services as we continue to be a key driver in Abu Dhabi's transition to a knowledge- and investment-led economy.' Remote Trading Members allow more individuals, international brokers, and institutions to buy and sell ADX-listed securities, in line with many international practices, without the need for physical presence in the UAE, thereby growing and diversifying the investor base, attracting foreign investment, improving liquidity, and driving more trading activity. Launched in Egypt in 2020, Thndr has transformed investing in the region by leveraging technology to provide a modern and seamless investment solution to help users grow their wealth through an array of products. 'We're proud to celebrate this milestone with the CEO of ADX, driven by a shared belief that retail investors deserve access to a grade-A investment service, whether through a seamless app experience or powerful content that makes investing simple and clear. This partnership gives our users the chance to invest in one of the region's strongest-performing markets over the past 5, 10, and 15 years, while also opening doors to exposure within MENA through Tabadul as well as beyond MENA. As an Egyptian founder, this moment is personal, it's about building on the historic ties between Egypt and the UAE and creating new bridges for our communities to grow, invest, and win together,' said Ahmad Hammouda, Co-founder and CEO of Thndr. 'This launch is a major milestone for Thndr and a testament to an incredible partnership. The entire Thndr team worked as a united front with ADX, FSRA, Hub71, ENBD, and E& to clear major hurdles and ultimately make it simple for local and foreign individuals to participate in the UAE's impressive growth story. This collaboration truly showcases why the UAE, with ADGM at the forefront, is a beacon of progress for the region,' said Seif Amr, Thndr's Co-founder and Board Member. The onboarding of Thndr supports ADX's key initiatives, such as the Tabadul platform, the first digital exchange center in the region that is based on the mutual market access model, and complements strategic partnerships with global exchanges by fostering innovation, enabling knowledge transfer, and advancing cross-border collaboration. With a market capitalization of AED 3.1 trillion, the ADX reflects Abu Dhabi's role as a dynamic global investment hub. The ADX has been the best-performing market in the GCC region, outperforming the MSCI Emerging Markets Index over the past decade and global indices over the past 20 years. About Abu Dhabi Securities Exchange (ADX) Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a 'Public Entity' to a 'Public Joint Stock Company PJSC' pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy. ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE 'Towards the next 50' agenda. The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm. About Thndr Thndr, a Hub71 start-up, is one of MENA's first fully digital investment platforms, simplifying and democratizing investing for over 4 million users. The platform empowers investors with access to the UAE, Egyptian, and U.S. stock markets, as well as gold, mutual funds, and savings products. Launched in 2020 by Ahmad Hammouda and Seif Amr, Thndr currently holds regulatory licenses from both the FRA (Egypt) and ADGM (UAE). To date, Thndr has raised a total of $37.7 million from global venture capital firms, including Prosus Ventures, Rabacap, Tiger Global, BECO Capital, and Y Combinator. For more information, visit The Thndr app is available on the Apple App Store and Google Play. For more information, please contact: Abdulrahman Saleh ALKhateeb Manager of Corporate Communication Abu Dhabi Securities Exchange (ADX) Email: ALKhateebA@ Salma Shahin Head of Brand Marketing ThndrEmail: salma@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store