Thursday 18 February 2021
The Dubai International Financial Center (DIFC) has welcomed global payment technology provider Adyen, a company that has a market capitalization of EUR 66.4 billion and has processed over EUR 303.6 billion worth of transactions in 2020.
The Dutch firm announced its expansion into the Middle East in November 2020. The company selected the DIFC as the location for its regional headquarters, due to the Center’s regional reach and comprehensive ecosystem.
Expanding to Dubai complements Adyen’s presence in other leading financial hubs across the world such as New York, London, Hong Kong, Singapore, and Tokyo.
The move will enable Adyen's existing merchant base to launch operations in the region seamlessly, whilst providing merchants from the region with frictionless access to the full strength of the Adyen platform.
DIFC's comprehensive financial ecosystem continues to attract global payments and technology players to the region in order to scale via accessing MEASA markets. Adyen will join the region’s broadest and deepest community of growth-stage startups, established financial services companies, venture capital, and educational entities across financial and economic sectors.