Safexpay Enters The Middle East, To Invest $10 Mn To Set Up Shop

SUMMARY

With its eyes on launching several products in the region, the startup will invest around $10 Mn to set up its operations there

To onboard around 5,000 merchants in the next two to three years, Safexpay has partnered with several organisations in the UAE

Safexpay has set its sights on expanding into neighbouring markets once it solidifies its market in the GCC region

Digital payments solution startup Safexpay has expanded its footprint into three key GCC (Gulf Cooperation Council) countries – Saudi Arabia, Qatar and Oman and plans to invest around $10 Mn in the region to set up operations.Safexpay

The startup is eyeing to launch white-label payment aggregation, payout solutions, and contactless payment features in the region.Fintech2017ThaneRavi Gupta$6.0 MnFintech2017ThaneRavi Gupta$6.0 MnFintech2017ThaneRavi Gupta$6.0 Mn