The enterprise cross-border payments network and banking consortium PayCommerce has opened two new offices, in the Canadian province of Ontario and in Dubai. The Ontario office will serve as the company’s new global research and development centre, driving innovations including blockchain, faster payments and artificial intelligence (AI)-based initiatives among others. The Dubai office will serve as the business hub for its footprint in the Middle East and Africa region, as PayCommerce continues to build out its global footprint. Headquartered in Edison, New Jersey, the company now has offices across four continents
“Global demand from banks, corporates and money service bureaus for secure, transparent, cost-effective, instant cross-border payment solutions is ever-increasing,” said Max Narro, chief executive officer (CEO), PayCommerce. “Establishing an office in Dubai will enable us to grow our footprint in the Middle East and reach more members, while the expansion of our R&D capabilities in Toronto will ensure that we can continue to innovate and develop our next-generation solutions in cross-border payments technology.”