THE MIDDLE EAST’S

42. Mercury Payments Services

Description: Payment scheme
Headquarters: U.A.E.
Date of Establishment: 2016
Founders: Muzaffer Hamid, Muzaffar Khokhar

Mercury Payments Services enables banks, government entities, and businesses to issue payment cards for ATMs and merchant outlets across the U.A.E. With over two million active users, the company helped process transactions exceeding $1.25 billion in 2023. Its payment solution covers salary processing, pre-paid and travel cards, as well as transit and retail payments. Mercury powers Dubai’s Roads and Transport Authority’s NOL cards used for retail payments, which process over two million transit transactions daily. Mercury cards are accepted at more than 70 million merchant locations and over two million ATMs across 200 countries.