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Damisa, an orchestration network for global money and data transfers, has launched local payment rails and on/off-ramp services across six Gulf Cooperation Council markets, enabling instant transactions in native currencies through direct bank account integration.
The launch covers Bahraini Dinar, Omani Rial, Qatari Riyal, Saudi Riyal, UAE Dirham, and Kuwaiti Dinar, allowing partners to bypass traditional cross-border banking delays and complexities when operating in the region.
The move positions Damisa to compete more directly with established cross-border payment providers in a region where businesses have historically faced significant friction when moving money internationally, particularly in sectors such as real estate, travel and e-commerce.
Jordan Lawrence, CEO and Co-Founder of Damisa
Jordan Lawrence, CEO and Co-Founder of Damisa, said: "This is a foundational step in our mission to simplify asset and data transfers globally. By integrating directly with local financial systems across the GCC, we're removing the friction that has historically slowed down international payments. Traditional cross-border banking can be costly, time-consuming, and opaque - especially for businesses operating across multiple jurisdictions. Our new infrastructure solves that.
With local payment rails and on/off-ramp capabilities in place, we're enabling our partners to transact in native currencies instantly, without the delays, high FX fees, or compliance headaches typically associated with cross-border transactions. It's a game-changer for how businesses in sectors like real estate, travel, education, and e-commerce operate across the region.
This launch is not just about access - it's about empowerment. We're helping local and international businesses unlock new markets, streamline operations, and fully participate in the digital economy with speed, transparency, and trust."
The platform operates through Damisa Connect, an API-driven gateway that provides access to local partners and enables transactions in over 25 currencies with automated compliance processes.
Damisa's broader service offering includes cross-border payments with reduced fees and automated anti-money laundering processes, global collections accepting both fiat and cryptocurrency payments, worldwide payouts in multiple currencies, and escrow services with customisable terms for milestone-based transactions.
The company is targeting industries including real estate, education and travel, where businesses require frequent cross-border transactions and face challenges with traditional banking infrastructure in emerging markets.
