Singapore-based PayerMax enters MENA with unified digital payment solutions

By Arya M Nair, Official Reporter
  • Follow author on
Digital Payment
Representational Image

PayerMax, a Singapore-based world’s leading omni-method global payment solution, has entered into the Middle East and North Africa (MENA) region.

It supports more than 350 local payment methods, covering Southeast Asia, South Asia, South Korea, Latin America and now MENA.

Leveraging its unified omni-method payment solution, PayerMax will engage and partner across the digital payments provider, banking and regulatory ecosystem to support and accelerate digital payment adoption upholding the regional and national agenda of a cashless society by driving financially inclusive payment acceptance.

PayerMax is positioned to transform the digital payment landscape, one transaction at a time, by providing global digital merchants and Middle East Payment Institutions with the ability and scale to offer localized and financially inclusive payment options in key areas through a single Application Programming Interface (API).

Sianna Wu
Sianna Wu
SVP – PayerMax MEA

“We are proud to launch PayerMax in the MENA region, deepening our local presence through private and public sector partnerships to service online merchants that have ambition beyond borders and unlock monetization at scale across the region. As Middle East’s payments industry continues to evolve, PayerMax is designed to offer enhanced speed, flexibility and convenience. It is important to remember to cover payment methods that ensure maximum financial inclusivity. PayerMax coverage includes omnichannel payment methods beyond international and local cards including carrier billing, over 80+ e-wallets and branded payment solutions from the world’s most recognized banks and non-FI institutions.”

According to a report by Dubai-based CNNB Solutions, the GCC is expected to witness the fastest growth in eCommerce between 2019 and 2022, with Saudi Arabia and the UAE leading the way at 39 percent and 38 percent CAGR respectively.

Related: UAE’s VERTECO to distribute smart washroom solutions of Swiss-based Smixin