Sokin, a payments company backed by Rio Ferdinand, has opened an office in Dubai as part of a push to rank among the top five global payments firms.
The move marks Sokin’s entry into the UAE market, according to a report by Gulf Business, which first reported the Dubai launch.
Key facts
- Sokin has opened an office in Dubai
- The company is backed by Rio Ferdinand
- Sokin is aiming to reach the top five in global payments
Why Dubai matters for Sokin’s expansion
The Dubai office gives Sokin a presence in the UAE market, placing the company’s expansion within the wider emirates business scene.
What Sokin’s global payments ambition means
Sokin has set its sights on becoming one of the top five players in global payments, though further details on the timeline or scale of that ambition were not provided.
