“Can a single UAE-licensed platform replace 3+ financial service providers (acquiring + cards + expense + payouts) for MENA SMEs?”
Mamo launched in 2019 as a consumer P2P payments app in the UAE, allowing users to send money via phone contacts. Around 2022 the company pivoted toward SMEs, launching Mamo Business as a payment gateway, payouts, and corporate card platform. The shift positioned Mamo as a full-stack financial operations platform for UAE SMEs — payment acceptance, corporate cards, expense management, and accounting integrations — competing against the likes of Stripe, Telr, Pemo, and Qashio in the GCC. DFSA-regulated out of DIFC.