Payment24 Expands Middle East Operations with New Dubai Hub

Payment24 has strengthened its Middle East presence by launching a regional hub in Dubai and securing strategic contracts in the UAE and Saudi Arabia, marking a key milestone in its GCC expansion strategy. The company is responding to surging demand for advanced fleet, fuel, and retail payment technologies, positioning its modular platform as a backbone for digital transformation in the downstream oil and gas sector.

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GCC Countries Make Strides in Digital Transformation, Yet Face Challenges in Financial Inclusion and AI Readiness

The IMF report highlights significant digital progress in the GCC, with advancements in infrastructure, government services, and fintech. However, challenges remain in financial inclusion, corporate digital adoption, and AI readiness. Key recommendations include enhancing digital skills, strengthening fintech regulations, and addressing labor market disruptions to sustain growth.

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