DUBAI: Digital payments giant Stripe on Tuesday announced the opening of an office in Dubai, its first expansion into the Middle East region.
Founded in 2010 by Irish brothers Patrick and John Collison, Stripe is used by more than 50 companies, each processing over $1 billion annually to receive payments and bill customers.
Companies using the payments service include Google , Uber, Amazon and shipping giant Maersk.
Stripe said several companies were already using its services in the UAE, such as gym management software GloFox and online food ordering platform ChatFood.
It said it was entering the market in partnership with Dubai-based payments processor Network International.
Network International revenues rise as it picks up new Saudi contracts