Stripe Expands Business in the United Arab Emirates

Stripe, a technology company that builds economic infrastructure for the internet, announced that it has launched business in the United Arab Emirates, which means 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.

Companies operating online in the UAE can use Stripe to make payouts, accept online payments, mitigate fraud, and expand globally to reach customers around the globe. In addition, today’s announcement means that it will be easier for the millions of companies already using Stripe to make their products and services available in the UAE.

Commenting on the official launch in the UAE, Matt Henderson, EMEA Business Lead at Stripe said: “The UAE is a thriving hub for technology, supported by strong investor appetite, internet-savvy consumers, and an open, innovative ecosystem of business leaders and entrepreneurs. Similarly, the pool of tech talent in the Middle East is growing very rapidly. However, companies still face challenges when trying to accept payments, make payouts, and manage the financial 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” , he continued.