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null BPC expands operations to UAE through NextGen initiative

28 Dec 2022

BPC expands operations to UAE through NextGen initiative


HE Thani Al Zeyoudi: The initiative is a new step by the Ministry of Economy to support foreign direct investments (FDI) and contribute to the country’s effort in transitioning towards a new knowledge and innovation-based economy.


- BPC, a prominent digital financial services and e-government service provider, is moving 50 of its senior employees to the UAE

- The headquarter, executive office and innovation centre will be based in Dubai

- The company offers digital solutions to over 450 financial firms in 115 countries


 The Ministry of Economy announced that BPC, a leading global company specialising in payments and banking services, joined the NextGen initiative for foreign investments. Headquartered in Switzerland, BPC intends to expand operations into the UAE, as a part of the initiative launched by the Ministry of Economy to attract foreign direct investments

In this regard, HE Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade and Supervisor of the NextGen Program, said: “The NextGen initiative is aimed at accelerating our efforts for a transition to a knowledge and innovation-based economy by attracting vital and future-centric businesses to the UAE. BPC's participation in the project is a new step toward achieving the UAE's vision of enhancing the business environment in the technology sector and elevating it to a global level. BPC, a pioneer in payment solutions and e-government services, is an example of the companies we intend to attract through the initiative. We look forward to facilitating and expediting its operations in the UAE in the coming future.”

HE added: “BPC’s decision to establish its headquarters in the UAE reflects the significance of the NextGen initiative and highlights the country’s business-friendly environment, which has positioned it as an ideal destination for businessmen, investors, and entrepreneurs seeking to initiate new projects or expand into newer markets to further develop their businesses.”

With a focus on digital banking services, digital payments, e-government, and transportation, the company offers customer payments services and solutions for over 350 financial institutions in 115 countries, including 136 municipalities, 30 central banks, and national payment systems.

As part of its growth strategy, the companies intends to establish its leadership headquarters and an innovation centre in Dubai, as well as move over 50 of its senior and mid -level there, along with hiring a lot of technical talents.

The company further aims to leverage the NextGen initiative's incentive package, which includes expediting the operations establishment, business licences, visas, and access to banking services, as well as leases for commercial and residential properties.

Hani Al Deeb, Regional Managing Director of BPC, said: “We are honoured to establish our headquarters for our strategic operations and innovation in the UAE, especially as we share the country's vision of prioritizing meeting the needs for a digital economy. According to the UAE’s wise leadership's vision and goals, the country places a high significance on maintaining its global position as an ideal destination in the world to work, develop, innovate, and thrive, as a result, it supports businesses who want to set up headquarters in the country.”

Al Deeb further praised the BPC's level of support from the NextGen initiative, stating: "The support we received is of great significance, as it allows us to set up faster, expand wider, and leverage the high-level financial technology talents that are living and working in the UAE. In addition to the benefits provided by the country, which allows us to receive our customers from all over the world through their innovative tours, the UAE and its government have provided us with excellent support, as they have anticipated and adopted digital transformation, and have the expertise to attract leading direct foreign investments from all across the globe”.


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