THE MIDDLE EAST’S

TOP 25 FINTECH
COMPANIES 2022

24. UPayments

Date of Establishment: 2016
Headquarters: Kuwait
Description: Payment service provider
Founders: Ali AlHabshi, Nasser Al Humaidi

UPayments is a payment service provider offering online invoicing systems, an ecommerce platform, property management, and a payment gateway. The company is licensed by the Central Bank of Kuwait and provides its services through its website and app. In 2021, UPayments processed over $689 million in transactions. Its app has been downloaded over 150,000 times. The company has partnerships with the National Bank of Kuwait and Zain Telecom. It currently operates in Kuwait, Qatar and Saudi Arabia.