UAE-based fintech firm Hubpay has introduced Hubpay Payroll, a new payroll solution aimed at simplifying payments for businesses with international teams. This launch marks Hubpay’s entry into the growing $1.2 billion payroll market in the UAE, providing companies with a seamless and cost-effective method to manage their global payroll needs.

As businesses in the UAE expand their operations across borders, the demand for efficient payroll solutions has surged. The Hubpay Payroll service allows organizations to pay employees worldwide while reducing administrative burdens associated with traditional payroll systems.

The new service includes features such as bulk beneficiary uploads, easy mass payments, and competitive exchange rates, ensuring that transactions are both cost-effective and timely. Hubpay’s offerings are designed to support small and medium-sized enterprises (SMEs) significantly.

Kevin Kilty, CEO and founder of Hubpay, stated that the UAE aims to increase the number of SMEs to over one million by 2030. He emphasized Hubpay’s commitment to this vision through their new payroll service, acknowledging the challenges businesses encounter in managing global payroll. Kilty highlighted that Hubpay Payroll provides a scalable, efficient, and compliant solution tailored to meet these needs.

Fully integrated with Hubpay’s cross-border payments network, the payroll service enables businesses to handle financial transactions from a single platform. This new offering complements Hubpay’s existing solutions, including a digital business account that reduces standard account processing times to under 24 hours.

Since its inception, Hubpay has processed more than $2.6 billion in trade payments and is recognized as the first independently regulated fintech in the UAE licensed for both cross-border and local payments. The company has secured over $30 million in funding and was recently included in the Future100, an initiative that honors startups contributing to the future economy of the UAE.