FIS (NYSE:FIS) announced today its Worldpay merchant business will be expanding its payment processing capabilities into the United Arab Emirates (UAE) this year.
Worldpay has secured a category II payment services license that allows for card acquiring and disbursements. This new domestic license in the UAE will enable the company to offer its world-class payment services to both local companies with global ambitions, and rapidly growing enterprises looking to expand in the market.
This comes on the back of its successful expansion into South Korea in 2022.
“The UAE presents new growth opportunities for global businesses and it’s an exciting time to be entering the market,” said Gabriel de Montessus, Head of Global Enterprise Merchant Solutions, FIS. “Our new domestic acquiring capability in the UAE will ensure…
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