Mercury Payments Services
- Company typePrivate
- Founded2016
- HeadquartersDubai, United Arab Emirates
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
Mercury Payments Services firmographics
Firmographics- Name
- Mercury Payments Services
- Legal name
- Mercury Payments Services LLC
- Website
- https://mercury-pay.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Mercury Payments Services industry classification
Industry- Product category
- Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- akta.pro primary industry
- Payment Orchestration Platforms (FSAGABAA)
- akta.pro secondary industries
- Payment Gateways & Orchestration (BPAMAFAA), Marketplace & Platform Payments (Split Payments, Sub-merchants) (FSAMACAG), Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)
Keywords
Where Mercury Payments Services is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
Mercury Payments Services business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Managed Services Fees: Full-stack infrastructure, operations, and advisory services for domestic card schemes and national switches provided to central banks and governments
- Scheme in a Box Licensing: Turnkey infrastructure licensing for governments and regulators to launch domestic card schemes with EMV specs, certification, and operating rules
- Shukria Merchant Services: Payment acceptance services for businesses including POS, QR codes, and e-commerce with transaction fees and financing products
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Mercury Payments Services product offering
Product offeringCore offering
Mercury Payments Services designs, deploys, and manages digital payment ecosystems for central banks, governments, and merchants. Its core offerings include full-stack Managed Services for national switches and domestic card schemes (clearing, settlement, reconciliation, fraud monitoring, EMV compliance), a turnkey Scheme in a Box licensing package for governments to launch domestic card schemes, and the Shukria merchant-facing payment acceptance platform spanning POS, SmartPOS, QR codes, kiosks, and e-commerce.
Product overview
Mercury Payments Services operates as a payment technology provider offering a portfolio of solutions for digital payment ecosystems. The portfolio consists of three main offerings: Managed Services (full-stack infrastructure and advisory for domestic card schemes and national switches), Scheme in a Box (turnkey platform for governments to launch domestic card schemes), and Shukria (merchant-facing payment acceptance platform). The Managed Services and Scheme in a Box products share common technology platform components including National Switch Architecture, Security & Risk Systems, Onboarding Simulators, and Infrastructure & Integrations, while Shukria serves as a distinct consumer-facing sub-brand for business payment acceptance.
Differentiator
Problem solved
Functional benefit
Products and services
- Managed Services Full-stack infrastructure, operations, and advisory services for domestic card schemes and national switches, built for sovereignty and trusted by central banks. Includes Research & Advisory, Program Management, Technology Platform, and Scheme & Compliance components, designed for central banks and governments establishing or modernizing national payment infrastructure.
- Scheme in a Box Turnkey infrastructure solution enabling governments and regulators to design, launch, and scale domestic card schemes. Includes EMV specifications, built-in certification, full compliance frameworks, dispute and fraud management, and card design/branding aligned with national objectives.
- Shukria Payment services platform for businesses enabling acceptance of payments via POS, SmartPOS, QR codes, kiosks, and ecommerce. Includes 24/7 instant payouts, financing options, and loyalty tools, designed for merchants and businesses adopting digital payments in the UAE.
Companies that use Mercury Payments Services
Customer profileSegments2 records
Ideal customer profiles2 records
Mercury Payments Services technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Mercury Payments Services partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- RuPaycoreRuPay, India's domestic card payment network, is listed among Mercury's partners, indicating interoperability or integration capabilities for national payment schemes.
- Afreximbank (African Export-Import Bank)coreAfreximbank is a pan-African multilateral financial institution that supports the development of trade across Africa. Partnership indicates support for Mercury's African market expansion and trade finance initiatives.
Scale indicators2 records
Recent moves1 record
Expansion highlights6 records
Mercury Payments Services competitors and assessment
Company assessmentEmerging players
- Yoco: Yoco provides SMB payment acceptance (POS, online) across South Africa. Comparable to the Shukria merchant acceptance platform in scope and target segment, though geographically distinct.
Direct peers
- Onafriq (formerly MFS Africa): Onafriq operates mobile money and payment infrastructure across Africa, including scheme-style interoperability networks. Comparable to Mercury on the African expansion axis and on cross-border payment infrastructure.
- Network International: UAE-headquartered payments processor serving merchants and financial institutions across MEA. Directly comparable to Mercury on both the merchant acceptance side (Shukria) and the regional B2B infrastructure side.
- Temenos: Temenos provides core banking and payments software to banks and central banks worldwide, including scheme and transaction-processing capabilities that overlap with Mercury's national-switch offerings.
- SIA (part of Nexi Group): SIA operates payment infrastructure and card processing for banks and central banks in Europe. Comparable to Mercury on national switch architecture and scheme operations, though primarily European.
- OpenWay: OpenWay provides card issuing, processing and payment platform software to banks globally, including national switch deployments. Directly comparable to Mercury on the scheme technology stack.
- BPC Banking Technologies: BPC delivers payment processing, card scheme and digital banking platforms to banks and central banks across emerging markets. Directly comparable to Mercury's Managed Services and Scheme in a Box product lines.
- ACI Worldwide: ACI Worldwide provides real-time payments, fraud, and national switch infrastructure to banks and central banks globally. It is the closest comparable to Mercury's Managed Services and Scheme in a Box offerings.
Broad incumbents
- Visa: Global card network with extensive scheme, processing and acceptance capabilities. Competes with Mercury at the scheme level and offers overlapping acceptance infrastructure, but as part of a vastly broader product portfolio.
- Mastercard: Global card network providing scheme, processing and acceptance services. Competes broadly with Mercury's Scheme in a Box and Shukria offerings, with significantly larger scale and brand recognition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Mercury Payments Services social profiles
Digital presenceMercury Payments Services compliance and trust
Trust signalCompliance2 records
Mercury Payments Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mercury Payments Services leadership team
Management profileNumber of profiles
Profiles8 records
Mercury Payments Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mercury Payments Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mercury Payments Services
What does Mercury Payments Services do?
Mercury Payments Services designs, deploys, and manages digital payment ecosystems for central banks, governments, and merchants. Its core offerings include full-stack Managed Services for national switches and domestic card schemes (clearing, settlement, reconciliation, fraud monitoring, EMV compliance), a turnkey Scheme in a Box licensing package for governments to launch domestic card schemes, and the Shukria merchant-facing payment acceptance platform spanning POS, SmartPOS, QR codes, kiosks, and e-commerce.
Is Mercury Payments Services a public or private company?
Mercury Payments Services is a private company. It is classified as management employee owned and is currently operating.
When was Mercury Payments Services founded?
Mercury Payments Services was founded in 2016. It employs 51 to 100 people.
Where is Mercury Payments Services based?
Mercury Payments Services is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Mercury Payments Services make money?
Three revenue lines are on record. Managed Services Fees are the primary driver. The others are scheme in a Box Licensing and shukria Merchant Services.
Who are Mercury Payments Services's main competitors?
Yoco is listed as an emerging player. Direct peers are Onafriq (formerly MFS Africa), Network International, Temenos, SIA (part of Nexi Group), OpenWay, BPC Banking Technologies and ACI Worldwide. Broad incumbents are Visa and Mastercard.
Does Mercury Payments Services have an API?
No public API is recorded for Mercury Payments Services.
What industry is Mercury Payments Services in?
Mercury Payments Services's product category is Payment Infrastructure. Its primary akta.pro industry code is FSAGABAA, Payment Orchestration Platforms, with a secondary code of BPAMAFAA, Payment Gateways & Orchestration. Its NAICS code is 522320.