What is the full form of MBME?
MBME stands for Multi Billions Multi Emirates, functioning as a prominent technology and payment gateway enterprise operating primarily in the United Arab Emirates. The company provides advanced self-service payment kiosks, electronic billing solutions, government transaction processing services, and financial technology infrastructure that streamline bill payments and digital financial services for consumers and businesses across the region.
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Seifollah (Seifi) Ghasemi, who served as CEO for over 10 years, was not ousted but rather left the company following a planned leadership transition. The Board of Directors appointed Eduardo F. Menezes as the new CEO effective February 7, 2025.