Indian financial services company Safexpay, which provides e-commerce solutions has said it is looking to open its international headquarters in Dubai.
The company was credited with developing the world’s first integrated e-commerce check-out solutions for the metaverse sector in the UAE.
The business, which intends to invest between $10 and $12 million in the proposed expansion in the UAE, is also getting ready to launch some of its products from the UAE market internationally.
“The UAE, besides emerging as a major international hub for the financial sector, also gives access to global markets. That is why we are upbeat about making Dubai as our launch pad for our global expansion plans,” Ravi Gupta, founder and CEO of Safexpay, told Arabian Business.
“We have plans for immediate entry into Saudi Arabia, Oman and Qatar, and other markets such as Bahrain and Kuwait will follow later,” Mr Gupta said.
The top executive of Safexpay claimed that the company’s payment platform leads the industry in offering customised payment solutions to different kinds of customers, merchants, and businesses in the e-commerce and metaverse industry.
Its products include payment gateways, payouts, and neo-banking solutions that are simple to integrate.
After working on the pilot project with Magnati, Gupta stated that the business is now developing a number of new features for the metaverse product.
“The product has great scope for the fast rising metaverse sector, but we being a B2B company, would want to focus only on offering it to our banking and fintech clients, who, in turn, can offer it to companies across sectors in the metaverse” Mr Gupta said.
