Expansion: Cyprus-Based PayTech Praxis Opens Office In Dubai!

Charlene Lensburg
Tue, 21 Feb 2023 07:20:55 +0000
PayTechs, People Radar, Amit Klatchko, Praxis, Praxis Tech, Praxis Technology

The Cyprus-based paytech Praxis Tech Ltd d/b/a Praxis, founded by the Israeli Amit Klatchko, announced the opening of their new representative office, Praxis Technology LLC, in the heart of Dubai’s Business Bay. According to their press release, Praxis has grown exponentially over the past few years. Thus, their new office with experienced professionals would be the next step to catering to a growing global base of clients.

Praxis is part of the thriving FinTech and PayTech scene in Cyprus. Especially Israeli Fintech pioneers like Amit Klatchko (LinkedIn) have made Cyprus the European center for innovative financial technologies. Many of the Cyprus-based fintechs have expanded to Dubai in recent months to serve the MENA markets from there. By continuing to expand its product offering and operations, Praxis is increasing its global reach, providing round-the-clock support for all of its clients. The new office will be a significant step towards more streamlined service, for both Praxis clients and the end consumer.

We have seen an overwhelming increase in merchants onboarding with us over the last several years. This naturally led us to want to open a new office in Dubai in order to improve the service we’re able to provide.”
Amit Klatchko, Co-Founder of Praxis

Klatchko went on to explain: “We hope that this will enable us to meet the growing needs of our clients in the Middle East and Asia even more efficiently, while still providing them with the highest level of service. It’s also giving us the opportunity to build bridges with our neighbors thanks to major regional players promoting peaceful coexistence. It’s an opportunity Praxis is excited to capitalize on and be part of.“