Recently, at the Leaders in Fintech Awards 2025 ceremony held in Dubai, PayerMax was honored with the prestigious "Payment Solution of the Year" award. Organized by Entrepreneur Middle East, this accolade recognizes outstanding achievements in payment technology and financial innovation across the region.
The Leaders in Fintech Awards, hosted by the renowned Middle Eastern business media outlet Entrepreneur Middle East, has been held for five consecutive years and is widely regarded as one of the most influential fintech accolades in the MENA region. The awards spotlight cutting-edge fields such as payments, digital banking, and enterprise solutions. Judging criteria include technological innovation, localization capabilities, and market impact, with winners selected by a panel of industry experts—underscoring the award’s high level of authority and credibility.
Entrepreneur Middle East is part of Entrepreneur Media Inc., a globally recognized media group. With a strong presence in the Middle East, it is dedicated to fostering the region’s entrepreneurial and tech ecosystems. PayerMax stood out as the sole winner of this year’s award, earning unanimous recognition from the judging panel for its robust strategy in building cross-border payment infrastructure, strong compliance capabilities, and deep-rooted commitment to emerging markets.
In an interview with Entrepreneur Middle East, Rajiv Philip, Director of Bank Partnerships (MENA) at PayerMax, stated:“This award is a recognition of PayerMax’s long-term commitment to the Middle Eastern market. The Middle East is not a homogeneous market, but a complex and diverse landscape. Understanding it is more important than merely entering it.”
As a payment platform serving the global digital economy, PayerMax has actively expanded into emerging markets such as the Middle East, Southeast Asia, and Latin America over the past few years. In the Middle East in particular, the company has secured local payment licenses in both Saudi Arabia and the United Arab Emirates, and has established deep partnerships with leading banks such as Emirates NBD and SAB. These efforts enable PayerMax to provide highly compliant and high-success-rate payment solutions to both local enterprises and global businesses seeking to expand into the region.
Essay, Chief Operating Officer of PayerMax, commented:“This honor belongs not only to PayerMax, but to all innovators who believe in the potential of emerging markets and are committed to both technology and compliance. PayerMax will continue to drive the connectivity of the global payment ecosystem and empower more businesses to step confidently onto the international stage.”
PayerMax’s continued investment in the Middle East has been a key foundation for receiving this award. Leveraging its robust local compliance framework and multi-currency payment capabilities, PayerMax offers end-to-end payment solutions—including acquiring, disbursement, and collections—for industries such as cross-border e-commerce, gaming, and digital entertainment. It has become the preferred payment partner for many global businesses expanding into the Middle Easter market.
