PayerMax announces its MENA launch

PayerMax, a global omni-method collection and disbursement solution, has announced its expansion into the Middle East and North Africa (MENA) region. PayerMax currently supports over 350 local payment methods in Southeast Asia, South Asia, South Korea, LATAM, and now MENA.

PayerMax will engage and partner across the digital payments provider, banking, and regulatory ecosystems to support and accelerate digital payment adoption, thereby supporting the regional and national agenda of a cashless society by driving financially inclusive payment acceptance.

Sianna Wu, Senior Vice President – MEA, PayerMax said: “We are proud to launch PayerMax in the MENA region, deepening our local presence through private and public sector partnerships to service online merchants that have ambition beyond borders and unlock monetization at scale across the region.”

PayerMax is changing the digital payment landscape one transaction at a time by providing global digital merchants and Middle East Payment Institutions with the ability and scale to offer localized and financially inclusive payment methods in major markets using a single API. 

“As Middle East’s payments industry continues to evolve, PayerMax is designed to offer enhanced speed, flexibility and convenience. It is important to remember to cover payment methods that ensure maximum financial inclusivity. PayerMax coverage includes omni-channel payment methods beyond international and local cards including carrier billing, over 80+ e-wallets and branded payment solutions from the world’s most recognized banks and non-FI institutions.”Sianna Wu added.

According to CNNB Solutions, the GCC will experience the fastest growth in e-commerce between 2019 and 2022, with Saudi Arabia and the UAE leading the way with 39 percent and 38 percent CAGRs, respectively.

PayerMax’s launch in the MENA region is a significant milestone because it aims to unify the fragmented payments landscape, causing a paradigm shift in user behavior and assisting the rapidly growing MENA digital market in unlocking borderless growth.