UK’s Paymentology Expands Its Footprint to the Middle East

UK’s Paymentology Expands Its Footprint to the Middle East

Paymentology, UK-based payment technology solutions provider, has entered Middle East's US$200 billion digital payments market by setting up its regional office in Dubai recently.

The company has been granted a license to operate by the Dubai Financial Services Authority (DFSA). This will help Paymentology to offer more advanced digital and smart payments solutions to banks, financial services providers, retailers and those who process bulk transactions on a regular basis.

Paymentology's entry in the Middle East market comes at a time when demand for contactless and non-cash transactions soared after the COVID-19, prompting businesses and financial institutions to shift towards digital and smart payment solutions.

Shane O'Hara

"The Middle East region has a huge potential for growth in the financial technology and digital payments market and our entry in the region is well timed. In