Global Processing Services Launches in MENA With Dubai Headquarters

Global Processing Services Launches in MENA With Dubai Headquarters

Global paytech company Global Processing Services has officially launched its operations in the MENA region, the company announced in a statement last week.

The paytech company has set up its headquarters in Dubai, and aims to support financial institutions and startups across multiple financial verticals, including digital banking and remittances, buy now pay later, expense and payroll management, youth banking, and financial empowerment. It is also “in active engagement” with the biggest banks in the region, the statement said.

Ex-Majid Al Futtaim payments head will lead Global Processing Services MENA operations

Payments expert Arnav Rath has been appointed Head of Region for the company’s MENA business. Rath has 18 years of experience in Cards as a Service (CaaS) and Payments as a Service (PaaS). He previously led the prepaid cards and payments business at Majid Al Futtaim across the Middle East, including innovative payments solutions for fintech in the UAE, Bahrain, Egypt and more.

Rath will be looking into partnerships with regulators, banks, fintechs and ecosystem partners for the company’s key markets. These include the UAE, Egypt, and Saudi Arabia, amongst others, the statement said.