Hubpay, a UAE-based technology company providing digital payment solutions for consumers and small to medium size businesses, has announced the expansion of its cross-border remittance offering with the launch of ‘Hubpay for Business’ solution.

 

The first startup licensed in the UAE to provide electronic money services, Hubpay had launched a mobile app in 2020. With the Hubpay App, customers can conveniently open an account and safely remit money to India, Pakistan, the Philippines, and Bangladesh within minutes.

 

Building on the success of its remittance mobile app, Hubpay had recently expanded remittances from the UAE to over 40 additional countries including the UK, Canada, South Africa, Ghana, Kenya, Tanzania, Nigeria, Nepal, Indonesia, and countries across the EU.

 

"There are 3 key factors to making payments in the Mena region; payment security, payment speed, and transaction cost. We built Hubpay to optimise all 3 factors and will continuously do so to give the best customer experience to our retail and business customers," said its VP Finance Punit Ghumra.

 

Hubpay’s new international payments solution for businesses has a fair and transparent pricing structure, he added. 

 

COO Marjolein van Paridon said: "Our strength is leveraging deep expertise from world-leading financial institutions to drive FinTech ecosystems forward; opening up innovation that benefits both consumers and companies."

 

"This year we look forward to helping C-level Executives, Finance and Treasury teams optimise their company’s bottom line with our Corporate products," he added.-TradeArabia News Service