The global company “Paymentology,” specializing in the issuance and processing of payment cards, has officially opened its headquarters in Dubai, marking a significant milestone in its expansion efforts within the region.
Paymentology’s international network spans across 50 countries and 14 regions, with the Dubai office set to serve as a crucial hub for customer service, partner collaboration, and operations. This new location boasts an expanded team of top local experts.
The relocation to Dubai reflects Paymentology’s steady growth in its customer base and the rising demand for a modern and flexible payment infrastructure.
The United Arab Emirates is witnessing a notable increase in the adoption of digital banking, with 89% of consumers currently relying on it as their primary option.
Forecasts suggest that real-time payments in the region will exceed 3 billion transactions by 2028. With over 1,000 specialized companies operating in the fintech sector across the region and North Africa, this sector is expected to grow at an annual rate of 35% until 2028, more than doubling the global average.
With partners and clients including “Wio Bank,” “Mamo,” “Mawared Finance,” and “Zand Bank,” Paymentology’s new office will serve as a center to meet customer needs and foster partnerships, providing a foundational support system for digital banks and fintech companies in the region through advanced payment solutions.
Jeff Parker, CEO of Paymentology, stated, “Our new headquarters in Dubai will act as a driving force, playing a pivotal role in supporting our customers’ success and executing their transactions efficiently while ensuring capacity for future growth and expansion.”
This decision comes at a time when the region is experiencing remarkable growth momentum, with the Middle East rapidly transforming into one of the most attractive areas globally for fintech.
Noman Hassan, Regional Director for the Middle East and North Africa at Paymentology, commented, “Dubai has long been a pivotal hub for our regional team for the past decade, and this move exemplifies the increasing momentum we are witnessing in the area. In just a few years, we have transitioned from early digital transformation stages to fully cloud-based banks, real-time payments, and embedded finance becoming mainstream. In this complex landscape, our clients rely on partners who are well-acquainted with the evolving regulatory frameworks, user behaviors, and infrastructure requirements of each market.”