Hubpay expands into UAE’s $1.2bn payroll market with new solution
The new offering complements Hubpay’s existing business solutions, including a digital business account that reduces standard account processing times to under 24 hours
UAE-based fintech firm Hubpay has unveiled Hubpay Payroll, an innovative payroll solution designed to streamline payments for businesses with international teams.
The launch marks the company’s entry into the UAE’s $1.2bn payroll market, offering businesses a seamless and cost-effective way to manage global payroll.
As UAE businesses increasingly expand across borders, the demand for efficient payroll solutions has risen. Hubpay Payroll enables businesses to pay employees worldwide while minimising administrative burdens.
The service features bulk beneficiary uploads, easy mass payments, and competitive exchange rates, ensuring cost-effective and timely transactions.
Aiming to support SMEs
“With the UAE aiming to grow the number of SMEs to over one million by 2030, Hubpay is committed to supporting this vision through our new payroll service,” said Kevin Kilty, CEO and founder of Hubpay. “We recognise the challenges businesses face in managing global payroll, and Hubpay Payroll offers a scalable, efficient, and compliant solution tailored to their needs.”
Fully integrated with Hubpay’s cross-border payments network, the payroll service allows businesses to manage financial transactions from a single platform.
The new offering complements Hubpay’s existing business solutions, including a digital business account that reduces standard account processing times to under 24 hours.
Hubpay has processed over $2.6bn in trade payments since its inception and is the first independently regulated fintech in the UAE licensed for cross-border and local payments.
The company has raised over $30m in funding and was recently listed in the Future100, an initiative recognising startups contributing to the UAE’s future economy.
