Can Hubpay's Platform Boost UAE SMEs' Global Trade Efforts?

Hubpay has just introduced a new self-serve platform designed specifically for SMEs in the UAE, which is a huge deal for businesses that need to handle international payments. It's a user-friendly tool that makes cross-border transactions easier, faster, and more affordable.

To give some context, the SME scene in the UAE is booming. There are over 558,000 SMEs in the country, and they contribute a massive 63.5 percent to the non-oil GDP. The government is also pushing to grow this sector even further, aiming to have 1 million SMEs by 2030. So, the demand for better international payment solutions is higher than ever, especially since about 51 percent of these businesses are involved in cross-border trade. This means a lot of international payments are flowing through UAE SMEs, and that number is only going to increase.

What Hubpay has done is create a platform that simplifies the entire payment process. Businesses can access competitive exchange rates, secure and fast transactions, and real-time tracking—all through a straightforward, self-service interface. It's designed to save time and money while giving businesses more control over their international payments.

Kevin Kilty, Hubpay's CEO and Founder, is really excited about this. He says the goal is to help SMEs grow by making it easier for them to reach global markets. This platform is a big step toward connecting UAE businesses with the world and making international trade more seamless.

So, in short, Hubpay's new platform is a game-changer for UAE's SMEs, helping them thrive in global markets with a more streamlined payment solution.