Stripe, an Irish-American payment processing platform, announced its official launch in the United Arab Emirates (UAE) which will be Stripe’s first office in the Middle East.

Stripe said that it is backing its commitment to the UAE with immediate investment, scaling its local operations via the appointment of key personnel to a new Dubai office.

Businesses operating online in the UAE can use Stripe to accept online payments, make payouts, mitigate fraud, and expand globally to reach customers all around the world.

Similarly, the announcement means it will be easier for the network of global brands already using Stripe to bring their products and services to the UAE.

The UAE marks yet another step forward in Stripe’s global expansion, following from the company’s launches in 2020 in Czech Republic, Hungary, Romania, Bulgaria, Cyprus, Malta and Stripe’s expansion into Africa via Nigeria technology startup Paystack.

Globally, Stripe reported that it processes hundreds of billions of dollars each year for millions of businesses worldwide.

“ … businesses still face challenges when trying to accept payments, make payouts, and manage the money side of internet businesses. Stripe removes these complexities so businesses can focus on what makes them special.

 

Our launch today also means we can now connect our global user base to the Gulf, enabling them to seamlessly expand their operations in the region.”

said Matt Henderson, EMEA Business Lead at Stripe.

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