Paytiko, a trailblazer in payment management solutions, commenced an innovative trajectory through the establishment of offices in Dubai.
“Expos such as Seamless Middle East 2024 serve as catalysts for innovation, enabling us to connect with clients and partners alike, and showcase the transformative potential of our solutions,” said Majdi Saleh, Head of Business Development.
Over the years, Dubai has risen in the realm of financial technology, bolstered by the city’s commitment to embracing emerging technologies and fostering innovation. This has been enabled by an assortment of policies that have contributed to the city’s growth collectively. Two institutions that are actively involved in these activities are the Dubai International Financial Centre (DIFC) and the Dubai Future Accelerators program. Additionally, the United Arab Emirates has undertaken initiatives referred to as Vision 2021 and Vision 2030, which prioritize the advancement of novel technologies, entrepreneurial endeavors, and inventive ideas.
In summary, the UAE’s surge can be attributed to factors such as the proliferation of smartphone usage, governmental initiatives supporting digitization, and the escalating customer demand for novel financial services.
Due to this, Paytiko sought the opportunity to usher in a paradigm shift in payment management solutions within the United Arab Emirates and surrounding region. This, along with other updates of the firm, highlights the transformative voyage that the organization will undertake, transitioning from progressive to revolutionary practices. Situating itself in the Thuraya Telecommunications Tower, a prominent structure in Dubai’s financial district, represents a noteworthy achievement in the organization’s pursuit of its objectives.
Another significant reason Paytiko opted to commence operations in the Dubai market stems from the company’s aim to satisfy the diverse requirements of payment processors and merchants in the area. Additionally, it hopes to facilitate the formation of enduring partnerships with region-specific processors based on excellence in performance and reliability.
“We are ecstatic to establish our presence in Dubai, a thriving center of commerce and innovation,” said Razi Salih, Paytiko’s Chief Executive Officer. “There is a lot of potential for growth and development in Dubai, which helps underscore our unwavering commitment to empowering merchants and payment processors across the Middle East.”
The Dubai office of Paytiko is supervised by a group of distinguished individuals, including Milen Marinov (Chief Product Officer), Majdi Saleh (Head of Business Development), and Hanan AlShayeb (Chief Commercial Officer). Additionally, a dynamic and diverse business development team is committed to fostering the company’s goals of collaboration and innovation.
Furthermore, active participation in the Seamless Middle East 2024 expo has significantly contributed to the success of Paytiko’s expansion initiatives. Attendance at this expo has allowed Paytiko to showcase its unique solutions, engage in discussions with pivotal stakeholders in the industry, and gain valuable perspectives on the perpetually changing landscape of the fintech sector.
Paytiko has also integrated an extensive array of state-of-the-art functionalities and features within its platform. For instance, its Pay By Link option allows merchants who wish to send direct payment invoices to generate unique payment invoice links fixed to a payment provider within their ecosystem. Their sticky PSPs enable merchants to assign a “favorite” payment provider and payment method per individual client as the preferred option. Finally, they recently rolled out a new interface with user-friendly plug-and-play connectivity. Through their new UI, merchants can easily select the relevant payment providers they wish to employ to best optimize their payment flows. Such improvements help to accommodate the continuously changing needs of business proprietors and customers during a constantly changing world of digital technology.
Through these efforts and more, Paytiko has expanded its ecosystem and increased its relevance across a vast array of industries through the formation of strategic alliances, including those in the financial technology, eCommerce, and tourism sectors.
Overall, it is clear that Paytiko has demonstrated a commitment to disrupting the payments technology landscape and equipping enterprises with the necessary tools to thrive in an increasingly digital environment.
