Hubpay Launches Self-Serve Platform to Empower UAE SMEs in Cross-Border Trade
Hubpay’s platform enables UAE SMEs with seamless, cost-effective cross-border payments, supporting their global expansion efforts.
Hubpay, a leading cross-border payments company, today announced the launch of its innovative self-serve platform specifically designed for Small and Medium Enterprises (SMEs) in the United Arab Emirates. This user-friendly solution addresses the growing demand for streamlined international payment processing, empowering local businesses to seamlessly expand their global reach.
A Flourishing SME Ecosystem:
The UAE boasts a dynamic and ever-expanding SME landscape. As of mid-2022, the country was home to more than 558,000 SMEs, contributing a significant 63.5% to the non-oil GDP. With ambitious government initiatives targeting 1 million SMEs by 2030, the future of the UAE’s entrepreneurial sector is undeniably bright.
Fueling International Growth:
A substantial portion of these SMEs actively engage in international trade. Studies indicate that a significant percentage, estimated to be around 51%, conduct cross-border transactions. This translates to a substantial volume of international payments processed by UAE SMEs. However, the increasing emphasis on international trade suggests this volume continues to grow at a rapid pace.
Hubpay Simplifies Cross-Border Payments:
Hubpay’s self-serve platform caters to this rising need for efficient and cost-effective international payments. The platform offers SMEs a suite of user-friendly features, including: competitive exchange rates, fast and secure transactions, real-time tracking and transparency and an intuitive interface for self-service management.
Empowering the Future of Trade:
We are thrilled to launch our self-serve platform in the UAE. By providing SMEs with a user-friendly and cost-effective solution for cross-border payments, we aim to empower them to connect with global markets and fuel their international growth.
– Kevin Kilty, CEO & Founder, Hubpay
Hubpay’s self-serve platform is a significant step forward for UAE’s SMEs, paving the way for seamless international trade and fostering a more connected global business environment.
