Singapore fintech MoovPay in exclusive Middle East partnership with UnionPay

Dec 23, 2019

• MoovPay provides innovative cashless payment solutions through the UnionPay International global network

MoovPay Global, one of Singapore’s fastest-growing fintechs, has signed an exclusive partnership with China’s UnionPay International (UPI) for cross-border cashless payment services in the Middle East.

The partnership will allow businesses in the Arab world to use UPI’s range of payment methods, which are commonly used in China, to make safe and reliable payments through MoovPay’s online payment solutions. With the increasing number of Chinese travelers in the Middle East, its venture into the region is timely. MoovPay seeks to bring these travelers’ platform of choice as they explore foreign destinations.

MoovPay’s Chairman and CEO Mr Ryan Gwee, said: “The latest digital payment options offered in the Middle East provides fast and secure payment solutions that may be utilized with ease. We are confident that they will be welcomed by both businesses and their customers alike.

“The acquiring business in Dubai is one of the first initiatives we have in the pipeline for the Middle East. Our Dubai office will serve as a bridge between the Middle East and Asia Pacific, as well as a springboard for expansion into Europe, helping European merchants tap into both the Middle East and Chinese markets, particularly in e-commerce and mobile applications.”

We at Aleta Planet are excited to have the Dubai office as an addition to our current partner and merchant network in the UAE and across Middle East. We look forward to being part of the region’s growing and sustainable FinTech sector.

Dubai is the fifth market in which MoovPay has a presence, following Singapore, Australia, Cambodia and Hong Kong.

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