Firm takes Fintech services to Dubai
Africa’s leading payment gateway brand, Innovate 1 Pay has announced the expansion of its operations and provision of financial technology services to African expatriates in Dubai, Middle East.
With the move, Innovate 1 Pay aims to consolidate its cooperation and integration between Dubai and several African countries, as well as tap the market potentials to address unmet needs.
The firm explained that the move is based on its understanding that Africa was set to surpass China and India as a job market by 2040, and with the recent visa reforms in the UAE, Dubai has emerged as an attractive destination for Africans to pursue career advancement and professional fulfilment.
As Innovate 1 Pay is poised to lead the drive with the provision of international money transfer and payment services, its Chairman of Innovate 1 Pay, Mahmood Ahmadu, said the move will enhance ease of doing business between the UAE and Nigeria and ultimately drive business growth.
He told The Guardian at the weekend that: “With the maturing of financial markets in Africa, expanded our presence to a total of 56 countries currently, and with the promise that the new UAE visa regime holds for African professionals, we believe the prospects for growth in addressing the demographic is very promising indeed.”
Speaking, its Chief Executive Officer, Anthony Nwachukwu, noted: “The time for a concerted effort to extend financial inclusion in Africa is now. Africa is currently the second fastest growing continent after Asia, and we are looking at an average GDP growth of 5% across the continent that has lasted a decade now.”
Consequently, it is organising the GBF Afria 2019 forum with the theme: Scale Up Africa to bring together African and UAE governments and business leaders to explore avenues of economic cooperation and to facilitate bilateral trade and investment flows.
The forum will focus on forging the connections that would enable scale-up and explore how public and private sector players in Africa and the UAE could work together for sustainable partnerships.
Based in the Federal Capital Territory (FCT) Abuja, and with a global operations office in Dubai, Innovate 1 Pay is one of Nigeria’s largest provider of payment services, having processed over a million transactions for clients in Nigeria and globally on its platform.