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Home News & Trends

Stripe “online payment” expands to Middle East with Dubai office

Ahmed Maher by Ahmed Maher
April 6, 2021
in News & Trends
Reading Time: 1 min read
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Stripe "online payment" expands to Middle East with Dubai office

Credit: Stripe

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Online payments giant Stripe announced opening an office in the United Arab Emirates financial capital Dubai, its first expansion into the Middle East region.

Founded in 2010 by Irish brothers Patrick and John Collison, Stripe is used by more than 50 companies, each processing over $1 billion annually to receive payments and bill customers.

Companies using the payments service include Google, Uber, Amazon, and shipping giant Maersk.

Stripe said several companies were already using its services in the UAE, such as gym management software GloFox and online food ordering platform ChatFood.

It said it was entering the market in partnership with Dubai-based payments processor Network International.

Stripe’s value soared last month to $95 billion after capitalizing on a boom in e-commerce with a round of funding.

See Also:

  • Tribal Credit Joins Visa’s Fintech Fast Track to Bridge Equity Gap for MENA Startups
  • Egyptian Fintech Dayra Joins Y Combinator, Secures US $3M in Pre-Seed
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Ahmed Maher

Ahmed Maher

Ahmed Maher is a marketing and growth leader with a proven track record across telecom, fintech, publishing, charity, government, e-commerce, and sports. He launched Vodafone Egypt’s digital and social media presence in 2008, setting new standards for brand engagement and performance marketing in the region. As the founder of Digital Boom, Ahmed has helped shape the voice of digital media in the Arab world. He brings a rare blend of creative vision and data-driven thinking, using digital tools and storytelling to drive measurable impact and scalable growth.

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