THE MIDDLE EAST’S

31. Mercury
Description: Payment network
Headquarters: U.A.E.
Date of Establishment: 2016
Founders: Muzaffar Khokhar, Muzaffer Hamid
Mercury offers payment card issuance and acceptance services, covering salary processing, pre-paid, and travel cards. It also powers transit cards for retail payments, such as Dubai’s Roads and Transport Authority’s NOL cards, which handle over two million daily transit transactions. Mercury-powered cards are accepted at more than 70 million merchant locations and over two million ATMs in more than 200 countries. The company processed over 12 million transactions worth $2.2 billion in 2024. It serves over three million active users. In 2024, Mercury was granted a Retail Payment Services license by the Central Bank of the U.A.E.