ElectraCard Services (ECS) has announced the opening of its new office in the heart of Middle East and Africa (MEA) – Dubai. Dubai office is part of ECS’ strong global expansion plans. ECS has network of partners in MEA region. The new office is launched to shore-up the growing business in Middle-East and Africa and provide local support.
Middle East has thriving population of more than 190 million people with a combined GDP of $1.6 trillion and has demonstrated significant growth prospects. Interestingly, in ME (and Africa) cash continues to be a significant mode of retail value exchange however the political and economic changes are leading to increased use of alternative payment mechanisms, especially electronic. Hence banks and financial institutions must develop and provide a compelling mix of products and services that suit the requirements of the end-user.
“ECS has been serving the MEA markets remotely over the last 5 years and with the increase in the number of its clients and business value, we have decided to get closer to our customers and prospects and set up our MEA Regional Office in Dubai. We are very well positioned to cater to this dynamic and growing market as we are in a position to offer the complete suite of retail payments technology platforms with the additional advantage of providing this on a ‘pay-per-use’ model which significantly reduces the start-up and operational costs for any industry participant,” said Ramesh Mengawade, CEO of ElectraCard Services.”
