Insights

Licensed Payments UNIQUE SELLING PROPOSITION: UPayments is the first licensed payments provider by the Central Bank of Kuwait, signaling strong compliance and trust. Sales can leverage this to target Kuwaiti merchants seeking regulated payment solutions and potential upsell to enterprise-grade features.

Strategic Acquisition RECENT OWNERSHIP UPDATE: NBK Group acquired UPayments in December 2024, which may broaden distribution channels, introduce enterprise-grade banking integrations, and create cross-sell opportunities to NBK’s existing merchant and SME client base.

Growth Momentum EXPANDING ECOMMERCE OFFERINGS: The September 2025 launch of an Online Store with integrated payment gateway, inventory, and shipping indicates a move toward end-to-end e-commerce solutions, presenting cross-sell opportunities to merchants needing turnkey platforms.

Awarded Credibility RECOGNITION AND REPUTATION: Notable fintech awards in 2021 and 2024, including Forbes/Pan Finance recognition, position UPayments as a trusted innovator, enabling outreach to larger SMEs and regional players seeking validated payment partners.

Revenue Scale MARKET OPPORTUNITY: With reported revenue in the multi-million USD range and a mid-size employee base, there is potential to upsell merchant services, value-added solutions, and cross-border payment capabilities to Kuwait-based businesses and regional exporters.

UPayments Tech Stack

UPayments uses 8 technology products and services including Amazon EC2, Isotope, Freshchat, and more. Explore UPayments's tech stack below.

  • Amazon EC2
    Cloud Infrastructure Computing
  • Isotope
    Javascript Libraries
  • Freshchat
    Live Chat
  • Priority Hints
    Performance
  • Ruby
    Programming Languages
  • Yoast SEO
    Search Engines
  • Bootstrap
    UI Frameworks
  • jQuery Waypoints
    Web Tools And Plugins

UPayments's Email Address Formats

UPayments uses at least 1 format(s):
UPayments Email FormatsExamplePercentage
First.Last@upayments.comJohn.Doe@upayments.com
75%
First.MiddleLast@upayments.comJohn.MichaelDoe@upayments.com
25%

Frequently Asked Questions

What is UPayments's official website and social media links?

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UPayments's official website is upayments.com and has social profiles on LinkedInCrunchbase.

How much revenue does UPayments generate?

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As of July 2026, UPayments's annual revenue is estimated to be $25M - $50M.

What is UPayments's NAICS code?

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UPayments's NAICS code is 52 - Finance and Insurance.

How many employees does UPayments have currently?

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As of July 2026, UPayments has approximately 61 employees across 4 continents, including AsiaAfricaNorth America. Key team members include Chief Technology Officer: B. K. H.Chief Financial Officer: H. A. A.Head Of Growth: M. S. E.. Explore UPayments's employee directory with LeadIQ.

What industry does UPayments belong to?

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UPayments operates in the Financial Services industry.

What technology does UPayments use?

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UPayments's tech stack includes Amazon EC2IsotopeFreshchatPriority HintsRubyYoast SEOBootstrapjQuery Waypoints.

What is UPayments's email format?

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UPayments's email format typically follows the pattern of First.Last@upayments.com. Find more UPayments email formats with LeadIQ.

When was UPayments founded?

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UPayments was founded in 2016.
UPayments logo

UPayments

Financial ServicesAl Asimah, Kuwait51-200 Employees

UPayments is a mid-sized financial services firm based in Kuwait City, Al Asimah, that provides simple payment services designed to support business growth. It positions itself as the first licensed payments provider by the Central Bank of Kuwait, operating within the country’s regulated payments framework. The company serves merchants who need secure, compliant methods to process payments and manage electronic transactions.

Its primary customers are Kuwait-based merchants seeking reliable payment processing and related capabilities to facilitate sales. The organization is part of Kuwait’s broader payments ecosystem, offering licensed electronic payments services that align with local regulatory standards. In September 2025, UPayments announced the launch of an Online Store, a fully integrated solution that combines payment gateway integration with inventory management and shipping to meet Kuwait’s local requirements.

Section iconCompany Overview

NAICS Code
52 - Finance and Insurance
Founded
2016
Employees
51-200

Section iconFunding & Financials

  • $25M - $50M

    UPayments's revenue is estimated to be in the range of $25M - $50M

Section iconFunding & Financials

  • $25M - $50M

    UPayments's revenue is estimated to be in the range of $25M - $50M

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