Expanding its footprint in Dubai, Paymentology establishes a new office to boost growth throughout the Middle East region.
Paymentology Expands in Dubai, Reflecting Middle East's Fintech Growth
Paymentology, a global issuer-processor, has recently opened a new and expanded office in Dubai, marking a significant milestone in the company's growth. 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.
The Dubai office of Paymentology will act as a base for client delivery, partner engagement, and operations. The company's clients and partners include organisations such as Wio, Mamo, Mawarid Finance, and Zand. This expansion comes at a time when the Middle East is experiencing rapid growth in its digital banking and fintech sector.
Jeff Parker, CEO of Paymentology, commented that the Middle East has reached an inflection point, with a shift towards financial innovation, supportive regulatory frameworks, and the growth of digital banks. Nauman Hassan, Regional Director for MENA, emphasizes the need for partners who understand the regulatory nuance, user behavior, and infrastructure demands of each market.
Paymentology combines leading technology with deep local market knowledge, making it an ideal partner for businesses operating in the region. The company's global network spans 50 countries and 14 time zones, ensuring seamless payment solutions for its clients.
The award celebrates Paymentology's strong partnerships and outstanding contributions to advancing financial innovation across the Middle East. The company was recently awarded the Excellence Award at the Mawarid Fintech & Innovation Summit 2025.
Digital banking adoption in the UAE is soaring, with 89% of consumers now using digital-first bank accounts. Real-time payments are growing rapidly in the Middle East, 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.
The new office will be staffed by a team of local experts, reflecting Paymentology's commitment to understanding and serving the unique needs of the market. The expansion is a result of Paymentology's expanding regional footprint, driven by a fast-growing client base and rising demand for advanced, scalable payment infrastructure.
Nauman Hassan highlights the rapid growth from early-stage digitization to fully cloud-first banks, instant payments, and embedded finance becoming mainstream in Dubai. The current status of digital banking and fintech in the Middle East is characterized by rapid growth, innovation, and regulatory support, with the region actively embracing digital transformation to build a digitally integrated financial ecosystem.
In summary, the Middle East’s digital banking and fintech sector, exemplified by Paymentology’s success in Dubai, is in a strong growth phase, driven by regulatory support, technological innovation, and increasing customer demand for digital-first financial services. This growth is supported by a regional vision of creating a resilient, inclusive, and integrated digital financial ecosystem.
- Paymentology, by combining leading technology with deep local market knowledge, seeks to leverage their new Dubai office as a strategic hub to serve digital banks and fintechs across the Middle East, aligning with the region's escalating growth in digital banking and fintech sector.
- The expansion of Paymentology's regional footprint, characterized by the recent opening of their Dubai office, is a testament to the rising demand for advanced, scalable payment infrastructure in the Middle East, where digital banking and fintech are rapidly evolving, supported by a conducive regulatory environment and increasing customer preference for digital-first financial services.
