«JSPAY», a global leader in enterprise and banking payment infrastructure solutions, has announced the expansion of its operations to the Middle East by opening its regional headquarters at the Dubai International Financial Centre (DIFC). This move marks a significant milestone in the company's international expansion strategy, reinforcing its focus on serving corporate merchants, banks, and financial institutions in the region. As the region holds immense potential, we are investing in long-term partnerships with companies and banks to help them build a future-ready and scalable payment infrastructure that can operate across markets. We are highly enthusiastic about bringing this expertise to the Middle East, collaborating with merchants, banks, networks, and the wider ecosystem to build a secure and scalable payment infrastructure capable of supporting the region's rapidly developing digital economy. In turn, Salman Jafri, Executive Director of Business Development at the Dubai International Financial Centre, said: "We are delighted to welcome JSPAY to the most important ecosystem for financial services and fintech in the Middle East, Africa, and South Asia. Its presence at DIFC will enhance connectivity with existing partners, especially as demand for enterprise payment solutions continues to grow." Amidst the accelerating pace of digital commerce in the Gulf Cooperation Council (GCC) countries, fast-growing companies in sectors such as aviation, hospitality, e-commerce, and financial services face increasing challenges due to multiple regional currencies, evolving regulations, and diverse local payment methods. To facilitate these operations, the JSPAY payment management platform provides a unified and reliable infrastructure that helps institutions improve approval rates, reduce costs, streamline compliance, and smoothly scale their operations across Gulf and global markets while gaining a higher level of institutional reliability. JSPAY plans to leverage these advantages and work closely with banks and institutions that deal with merchants to accept credit or debit card payments, alongside regional networks and ecosystem partners, to offer scalable and reliable payment solutions designed for companies operating in global markets. Chital Laluani, Co-Founder and Chief Operating Officer of JSPAY, said: "JSPAY has been developing a payment infrastructure to support highly significant global corporate trade for over a decade. Through its presence in this center, JSPAY will contribute to the growing digital economy, supporting DIFC's role as a catalyst for financial innovation and reinforcing Dubai's status as one of the top four global fintech hubs." Commenting on JSPAY's regional focus, Nakul Kothari, President for the Middle East, Asia, and Pacific region, said: "By establishing our presence in the Middle East through DIFC, we continue our mission of building innovative payment solutions based on a deep understanding of local markets."
