Nigeria Fintech firm takes inclusive banking strategy to Dubai

ANigerian- based Fintech company, Innovate 1 Pay Limited, has announced the launch of its Dubai office, as part of effort to revolutionise payment system globally.

With the global operations office at Jumeirah Lakes Towers, Dubai UAE, Innovate1 Pay’s platform currently is capable of processing tens and thousands of transactions while having processed more than a million transactions for clients within

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In a statement issued by the managing director, Adamu Musa Mele, stated that technology changes fast with time. Mele said having this in mind brought about the need for the financial sector to take advantage of opportunities abound in using technology. On the back of this development, Innovate 1 Pay aims to explore how public and private sector players in Africa and the UAE can work together to sustainable partnerships.

The managing director notes further in the statement that the Dubai Chamber of Commerce and Industry (Dubai Chamber) has already announced its plans to host the fifth edition of the Global Business Forum (GBF) on Africa on November 18th to 19th in Dubai.

The theme of the conference tagged, “Scale-up Africa, GBF Africa 2019” will bring together African and UAE governments and business leaders to explore avenues of economic cooperation and to facilitate bilateral trade and investment flows.

As one of Africa’s leading providers of payment gateway, Innovate 1 Pay offers international money transfer and foreign exchange management services. Also, the firm is the exclusive distributor of foreign currency to Bureau de Change ( BDC) operators in Northern Nigeria. It can address the needs of either individuals or organisations, through a diverse portfolio of solutions.

It would be recalled that the bilateral ties between the two continents dates back to many decades, and continues to grow from strength to strength over time. He highlighted that Africa is set to surpass China and India as a job market by 2040, and with the recent visa reforms in the UAE, Dubai has emerged as an attractive destination for Africans to pursue career advancement and professional fulfilment.

Mele, however, lauded the effort of the Federal Government of Nigeria for continuously creating the enabling environment of doing business with ease and for the private sector to thrive.

Consequently, bringing financial inclusion to all is possibly one of the most important steps in empowering untapped human potential, more equitable wealth distribution and a universally prosperous world.

Similarly, he affirmed that there is tremendous room for growth and expansion that exists at the intersection of increasing demand, market growth and the outreach potential of techenabled services not only in Nigeria and Africa but globally.

Innovate 1 Pay’s secure and convenient payment gateway and financial services platform which integrates seamlessly between Dubai and several African nations have paved the way to emerge as the solution to addressing this expanding market segment and its impending needs in the future.