Rapid Growth Expected for Digital Cross-Border Transfers in the Middle East

The annual report reveals a shift in the remittance sector with a growth spur, particularly in Saudi Arabia and the UAE

UAE – February 27, 2024: Prepay Nation, a global B2B marketplace for prepaid products has revealed in its first white paper ‘The Evolution of Cross-Border Transfers’ The document highlights a notable surge in demand for cross-border transfers within the Middle East, with a distinct focus on sophisticated and productized remittances.

According to recent data, the global digital cross-border transfers market is valued at $148.08 billion at the start of 2023, and is expected to grow at a CAGR of 12.58% to reach $339.87 billion by 2030. Increased mobile phone usage, online shopping and the need for convenient, fast, and secure money transfer services are the primary drivers of this trend. UAE and Saudi Arabia are two of the largest remittance hubs in the region that sent an astounding $39.6BN and $39.3BN respectively in 2022, amounting to about 7% of the GDP of the two countries.

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Prepay Nation Bolsters Leadership with Visionary Chief Commercial Officer Christophe Morchio 

Prepay Nation strengthens its leadership team with Christophe Morchio 

Dubai, UAE – January 24, 2024: Prepay Nation, a trailblazer in the global B2B prepaid products marketplace, proudly announces the appointment of Christophe Morchio as its new Chief Commercial Officer. Christophe Morchio, a seasoned professional in fintech and digital innovation, joins Prepay Nation to drive the company’s growth strategy and global expansion. With over 20 years of industry experience, Christophe excels in sales, product management, and strategic business development. His expertise aligns seamlessly with Prepay Nation’s commitment to revolutionizing cross-border solutions. 

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Georges Missy Joins Prepay Nation as Director of Accounts & Partnerships, Middle East

Georges Missy joins Prepay Nation as they expand their team in the Middle East.

UAE – December 12, 2023, Dubai: Recognized for leading the way in cross-border transfers, Prepay Nation, a major player in the global B2B prepaid products marketplace, has announced, the newest addition to its team at the Dubai office, Georges Missy, who joins as the Director of Accounts & Partnerships, Middle East. With a robust background spanning over 12 years in the fintech and payments industry, Georges brings a wealth of experience in sales, product management, and strategic business development.

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Prepay Nation And Loyyal Announce Strategic Partnership To Enhance Loyalty Solutions

UAE- November 21, 2023: Prepay Nation, a leading global B2B prepaid products marketplace renowned for pioneering cross-border transfers has announced a strategic partnership with Loyyal, an industry leader in applying blockchain technologies to supercharge loyalty and incentive programs.

The Middle East and Africa loyalty market¹ is expected to increase 12.2% reaching USD 9,297.7 million by 2027. This collaboration reinforces Prepay Nation’s commitment to global expansion and enables Loyyal to meet the demanding needs of the loyalty industry by enhancing its solutions for clients, providing added value, while also granting access to over 10,000+ prepaid products available through Prepay Nation’s extensive marketplace.

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