Fintech “Stripe” launches in the United Arab Emirates
Wednesday, 04 07 2021, Category: Technology, Country: U.A.E
DUBAI, UAE—Stripe, a global technology company that builds economic infrastructure for the internet, today announced its official launch in the United Arab Emirates. This launch represents Stripe’s first expansion into the Middle East. Stripe is also opening a new UAE office, in Dubai Internet City, which will be the company’s first office in the region.
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. Today’s announcement also means it will be easier for the millions of businesses already using Stripe to make their products and services available in the UAE.
To date, accepting online payments from the UAE has required onerous onboarding processes that take significant time and investment for businesses to complete, with most providers requiring physical in-person onboarding. Stripe’s fast and secure online setup will make it far simpler for UAE companies to access the internet economy.