Our subsidiary GFH Capital Limited acquired a 70% stake in Marshal, a leading pan-MENA FinTech company that is the region’s largest and oldest enabler of payment technology. Serving 16 countries and boasting long-standing partnerships with blue-chip clients, Marshal boasts a dominant market positioning and a consistently positive financial performance.

The investment sees GFH tapping into the growing payments industry. According to The Global Payments Report (2022), Digital/Mobile Wallet, debit and credit cards accounted for 76% of POS payments globally in 2022, and cash payments are expected to decline from 18% in 2021 to 10% in 2025.