THE MIDDLE EAST’S

24. UPayments
Description: Payment services provider
Headquarters: Kuwait
Date of Establishment: 2016
Founders: Ali Al Habshi, Nasser Al Humaidi
UPayments provides businesses in Kuwait with payment solutions, including online invoicing, e-commerce platforms, payment gateways, property management solutions, and POS devices. In 2024, the platform had 2,250 monthly users on iOS and 2,800 on Android, with 110,000 visitors to its Merchant Dashboard, 109,000 web visitors, 14.7 million visits to Merchant Stores, and 16,000 app downloads. It also obtained a Central Bank of Kuwait large e-payment service provider license and sold a 51% stake to the National Bank of Kuwait.