MyFatoorah has built an impressive regional footprint since launching in Kuwait in 2016. It was among the first payment platforms in the MENA region to hold central bank licences across five or more GCC countries, Kuwait (KNET network), Saudi Arabia (SAMA), Bahrain, Qatar, and Oman, and added a CBUAE Direct Acquiring Licence for the UAE in August 2023. For businesses whose customers span the whole Gulf, that local payment method depth is hard to match from a single integration. Forbes Middle East named MyFatoorah to its Fintech 50 for 2025, reflecting its regional scale.
Mamo takes a different starting point. Founded in Dubai and regulated by the DFSA (Dubai Financial Services Authority), Mamo is built specifically for UAE-based businesses that want more than payment acceptance alone. On the same platform: a payment gateway with published transparent pricing, UAE-local methods including Jaywan and Tabby (BNPL), corporate cards with cashback, automated expense management, and global payouts.
This comparison works through the meaningful differences, pricing transparency, regulation, payment methods, settlement, and what each platform delivers beyond the gateway layer, so UAE businesses can make an informed decision.
MyFatoorah does not publish transaction rates or fee schedules publicly. Pricing is custom and available on request through the MyFatoorah sales team. Third-party aggregators have cited rates starting from 2.5%, but these are unverified and not sourced from official MyFatoorah materials, treat them as indicative only. If you are seriously evaluating MyFatoorah, request a quote directly from their team for your transaction volume and business category.
For businesses that want to compare costs before beginning a sales conversation, this is a meaningful friction point. You cannot model your payment processing costs against other options without first engaging a sales representative.
Mamo publishes its full pricing publicly, with no registration or sales call required:
| Transaction Type | Mamo Premium | Mamo Growth |
|---|---|---|
| UAE domestic card | 2.7% + AED 0.80 | 2.9% + AED 1.00 |
| International card (charged in AED) | 3.2% + AED 0.80 | 3.4% + AED 1.00 |
| Same-day settlement (additional fee) | +0.5% | +0.75% |
| Monthly platform fee | AED 99/month | AED 0 |
All fees subject to 5% UAE VAT. Growth plan: no monthly fee. Premium plan: AED 99/month.
For UAE businesses budgeting transaction costs and forecasting margins, not knowing what you will pay before you sign up creates uncertainty at the planning stage. Mamo's decision to publish its rates upfront removes that uncertainty entirely. Whether you ultimately choose Mamo or not, you can model your costs from the first click.
Both platforms are legitimately licensed for payment acceptance in the UAE. The relevant question is which regulatory framework best fits your business situation.
MyFatoorah holds a CBUAE (Central Bank of the UAE) Direct Acquiring Licence, obtained in August 2023. The CBUAE is the UAE's primary financial regulator and oversees mainstream UAE payment infrastructure. MyFatoorah also holds central bank licences in Kuwait, Saudi Arabia, Bahrain, Qatar, and Oman, a GCC regulatory footprint that reflects genuine regional investment and compliance capability. Note: MyFatoorah does not hold a DFSA licence.
Mamo is regulated by the DFSA (Dubai Financial Services Authority), the independent financial regulator for the Dubai International Financial Centre. The DFSA operates to international standards aligned with major global financial regulators. For businesses incorporated in DIFC, or those whose procurement or compliance requirements specify a DFSA-licensed payments partner, Mamo's regulatory standing is a direct differentiator that MyFatoorah cannot match.
This is the area of sharpest divergence between the two platforms, and where your customer geography determines the right answer.
MyFatoorah supports an unusually broad set of GCC local payment networks alongside international card schemes:
For businesses processing payments from customers across Kuwait, Bahrain, Qatar, and Oman, where local debit schemes account for a material share of transactions, MyFatoorah's network depth from a single integration is a genuine competitive advantage.
Mamo's payment method stack is optimised for UAE-based businesses and their customers. Jaywan and mada are both supported natively. Tabby BNPL is built in, enabling customers to split payments at checkout without a separate integration process.
| Payment Method | Mamo | MyFatoorah |
|---|---|---|
| Visa / Mastercard / Amex | ✓ | ✓ |
| Apple Pay / Google Pay | ✓ | ✓ |
| Jaywan (UAE national card) | ✓ | ✓ |
| mada (Saudi debit) | ✓ | ✓ |
| Tabby (BNPL) | ✓ | ✗ |
| KNET (Kuwait) | ✗ | ✓ |
| Benefit (Bahrain) | ✗ | ✓ |
| NAPS (Qatar) | ✗ | ✓ |
| OmanNet | ✗ | ✓ |
If your business is UAE-centric and your customers primarily use Visa, Mastercard, Jaywan, or Apple Pay, Mamo covers the full local stack, including Tabby for BNPL conversion. If you sell across Kuwait, Bahrain, Qatar, or Oman and depend on those local debit networks, MyFatoorah's regional coverage is the stronger choice.
Third-party sources cite 2-3 business days as MyFatoorah's standard settlement timeline. However, this figure is not officially published on MyFatoorah's website or pricing materials. Confirm settlement terms directly with the MyFatoorah team before committing, particularly if cash flow timing is critical to your daily operations.
Mamo's standard settlement is 2-5 business days. For businesses where daily cash flow matters, Mamo offers same-day settlement as an additional option, available for an additional +0.5% on the Premium plan or +0.75% on the Growth plan, on top of standard transaction fees. This is an early access feature, not a free or standard offering. For context: Stripe charges a 1.5% surcharge for its Instant Payouts option, making Mamo's accelerated settlement notably cheaper for businesses that need it regularly.
Plus same-day settlement from +0.5% on Premium.
This is the clearest product scope difference between the two platforms.
No. MyFatoorah is a payment acceptance platform. It does not offer corporate expense cards, spend controls, or expense tracking capabilities. Businesses that need these tools must source and integrate them separately.
Mamo extends well beyond payment collection into the daily financial operations of UAE businesses:
Mamo Corporate Cards
Global and Local Payouts
Accounting Integrations
For UAE businesses managing advertising spend, SaaS subscriptions, or team travel, and then reconciling those costs manually across separate tools, Mamo's corporate card and expense management layer replaces that friction with a single integrated workflow.
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| Feature | Mamo | MyFatoorah |
|---|---|---|
| Founded | — | 2016 |
| HQ | Dubai (DIFC) | Kuwait City |
| UAE Regulation | DFSA ✓ | CBUAE ✓ (Aug 2023) |
| DFSA Licence | ✓ | ✗ |
| GCC Licences | UAE (DFSA) | 5-6 (UAE, KW, SA, BH, QA, OM) |
| Published Pricing | ✓ (from 2.7% + AED 0.80) | ✗ (custom / contact sales) |
| Monthly Platform Fee | Growth: ✗ / Premium: AED 99/mo | Not published |
| Jaywan (UAE national card) | ✓ | ✓ |
| mada (Saudi debit) | ✓ | ✓ |
| Tabby (BNPL) | ✓ | ✗ |
| KNET (Kuwait) | ✗ | ✓ |
| Benefit (Bahrain) | ✗ | ✓ |
| NAPS (Qatar) | ✗ | ✓ |
| OmanNet | ✗ | ✓ |
| Apple Pay / Google Pay | ✓ | ✓ |
| Payment Links | ✓ | ✓ |
| QR Codes | ✓ | ✓ |
| POS / Soft POS | ✗ | ✓ |
| Standard Settlement | 2-5 business days | ~2-3 days (unconfirmed) |
| Same-Day Settlement | ✓ (+0.5% / +0.75% additional) | Not published |
| Corporate Cards | ✓ (up to 8% cashback) | ✗ |
| Expense Management | ✓ | ✗ |
| Global Payouts | ✓ (0.5%) | ✗ |
| Accounting Integrations | ✓ | ✗ |
| Assigned Account Manager | ✓ | — |
MyFatoorah is a strong fit if you:
Mamo is the stronger choice if you:
Yes. MyFatoorah obtained a CBUAE (Central Bank of the UAE) Direct Acquiring Licence in August 2023. This makes it a fully licensed payment acquirer for UAE transactions, alongside its central bank licences in Kuwait, Saudi Arabia, Bahrain, Qatar, and Oman. Note: MyFatoorah does not hold a DFSA licence.
No. MyFatoorah's pricing is custom and quote-based. You need to contact their sales team to receive rates for your business. Third-party sources have cited figures starting from 2.5%, but these are not verified from official MyFatoorah materials and should be treated as indicative only.
For the UAE market, Mamo covers the core local stack: Visa, Mastercard, Amex, Jaywan, mada, Apple Pay, Google Pay, and Tabby BNPL. Where MyFatoorah has an advantage is in GCC-local debit networks outside the UAE, KNET (Kuwait), Benefit (Bahrain), NAPS (Qatar), and OmanNet, which Mamo does not currently support. If your customer base transacts primarily in the UAE, this gap is unlikely to be material.
Third-party sources cite 2-3 business days; however, this is not officially published by MyFatoorah. Confirm directly with their team before committing if settlement timing is important to your business.
No. MyFatoorah is a payment acceptance platform and does not offer corporate cards, spend controls, or expense management tools.
Mamo combines payment acceptance, gateway, payment links, QR codes, with corporate cards carrying up to 8% cashback on non-AED spend, automated expense management, accounting integrations, and global payouts, all in one DFSA-regulated platform with published transparent pricing. MyFatoorah focuses on payment acceptance with unmatched GCC local payment method depth across six countries, but without the combined financial platform capabilities.
MyFatoorah has earned its position as one of the GCC's most credible payment platforms, built from Kuwait, licensed across the Gulf, and powering 90,000+ businesses with deep local payment method coverage that remains difficult to replicate from a single integration. For businesses that transact across multiple GCC countries and depend on KNET, Benefit, NAPS, or OmanNet, MyFatoorah's regional infrastructure is the right foundation.
For UAE-based businesses that want transparent published pricing, Jaywan and Tabby BNPL natively, corporate cards with cashback, expense management, and a DFSA-regulated platform that grows with them, Mamo is built specifically for that brief.
Get published pricing, Tabby at checkout and free corporate cards on one account.
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