UK’s Ebury expands its Mass Payment service to Dubai through DIFC

By Arya M Nair, Intern Reporter
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Ebury, UK’s leading global FinTech, has expanded its Mass Payments division into a new location by establishing a presence in the dynamic UAE Market through the Dubai International Financial Centre’s (DIFC) new Innovation Hub.

Ebury’s Mass Payments subsidiary provides software solutions to corporate clients. It is committed to providing a market-leading mass payments service in the region, with a responsive platform and excellent customer service to back it up.

Its global presence and network of banking partners will give companies access to a robust payments service in all countries and currencies. Ebury’s innovative tech platform will also allow payments to be made quickly and securely with pre-verification of bank details ensuring payments are delivered in full and on time.

The UAE is quickly becoming a global FinTech center, which Ebury chose for its newest Mass Payments location due to the surge in digitalization and receptivity to novel payment solutions. It expands Ebury’s current presence in the area, displays a commitment to growing in DIFC, and allows Ebury to better service its existing UAE clients.

Mr. Owain Walters, Managing Director of Ebury Mass Payments, “We are pleased to launch our Mass Payments service into a new location and expand our capabilities to an increasingly global client base.”

Ebury’s commitment to the UAE is a reflection of the region’s appealing development and success during the pandemic, which has seen it continue to attract major foreign direct investment. DIFC is the largest financial services sector in the region, and its Innovation Hub, which opened last month, has already attracted global giants such as Ebury and Amazon.

Mr. Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, commented, “We are focused on solidifying Dubai’s position as a global business destination by providing an environment that meets the highest international standards, as we seek to accelerate the implementation of innovative initiatives in the field of FinTech.”

In December 2020, Ebury became the first financial services company to acquire a financial services license from DIFC to carry out the regulated activity of providing Money Services.

Related: DIFC teams up with MENA FinTech Association to develop innovation forum