The Abu Dhabi Investment Office (ADIO) has announced a strategic partnership with YeePay, a leading China-based cross-border payments company, to establish its regional headquarters and technology hub in the UAE capital. The new hub will serve as YeePay’s base for its expansion across the Middle East and Africa.
The major announcement was made during the recent Abu Dhabi Finance Week (ADFW), signalling a significant win for the emirate’s rapidly growing financial technology sector.
Strengthening UAE-China Digital Payment Corridors
Under the partnership, ADIO and YeePay will collaborate on initiatives designed to enhance digital payment connectivity between the UAE, China, and other global markets. The collaboration will explore payment interoperability between domestic and international systems, creating a more seamless settlement infrastructure for trade and e-commerce.
This move aims to support businesses of all sizes, including SMEs, by providing them with more efficient access to regional and global markets.
A Strategic Addition to Abu Dhabi’s FIDA Cluster
YeePay is set to join Abu Dhabi’s ambitious Fintech, Insurance, Digital and Alternative Assets (FIDA) cluster. This strategic programme, led by the Abu Dhabi Department of Economic Development (ADDED) and ADIO, is focused on cementing the emirate’s position as a global centre for financial innovation.
The FIDA cluster is projected to add AED 56 billion to the direct GDP and create approximately 8,000 direct jobs, with YeePay’s presence expected to contribute significantly to these goals.
Badr Al-Olama, Director General of ADIO, commented on the partnership, stating, “Our collaboration will strengthen cross-border payment connectivity, attract new technological capabilities to the emirate and create additional opportunities for businesses and investors.”
From its new base in Abu Dhabi, YeePay will focus on developing regulatory-compliant payment solutions while deepening its engagement with local regulators, financial institutions, and ecosystem partners. The partnership also includes plans for knowledge exchange and talent development through collaborations with local academic and research institutions.
Chen Yu, Co-Founder of YeePay, added, “From Abu Dhabi, we aim to develop a secure, transparent, and efficient cross-border payment infrastructure that facilitates trade, e-commerce, and investment flows between China, the UAE, and other key markets.”
About YeePay
Founded in China, YeePay provides a comprehensive suite of financial services including digital payments, cross-border transaction services, and regulatory-compliant financial infrastructure. The company serves businesses, financial institutions, and public-sector entities by facilitating secure and efficient payment flows. Currently operating across Asia, YeePay is expanding its footprint in Europe and the Middle East.
Source: Fintechnews.ae
