INTELLIGENT BRANDS // Cloud

Tencent Cloud has consistently achieved strong double-digit business growth in the region , driven by strong interest from both public and private sectors in digital transformation and cloud-based innovations .

This year , Tencent Cloud is entering a new partnership with Balance , an e-wallet provider in Dubai , to revolutionise the Middle East payment landscape . Balance will adopt the Tencent Cloud technologies into its payment system , enabling compliant , secure and seamless identity authentication for payment .

Over the longer term , Balance will explore the adoption of the TCMPP platform as part of its application , providing users access to a host of essential daily services and products through a single interface .

Kartik Tikku , Founder and Chief Executive Officer of Balance said , “ We are fortunate to be working with Tencent Cloud as this allows us to break into new markets such as Saudi Arabia and the UAE , which have witnessed strong demand for cloud services . This partnership aligned with our strategy to revolutionise mobile banking in the Middle East through exciting innovation , add value to our ecosystem as well as enhance the overall digital payment experience for consumers .”

Dan Hu , Vice President of Tencent Cloud International for the Middle East and Africa , said , “ As Tencent Cloud continues to deepen its presence in the region , we are confident that our cloud and AI solutions are fully aligned with the local market ’ s needs and digital transformation goals . The partnership with Balance is a testament to our technology ’ s ability to empower local businesses and government services alike , creating secure , efficient and innovative platforms that enhance the everyday lives of users .

“ Looking ahead , we see tremendous potential in the gaming sector , where our proven capabilities will serve as a key enabler to foster growth and cultivate a thriving ecosystem of developers and players . Leveraging our track record of supporting the Weixin , WeChat ecosystem with over 1.3 billion monthly active users , Tencent Cloud envisions a dedicated MiniGame Platform to attract a new demographic of mobile gamers .”

With the UAE ’ s electronic gaming market expected to reach US $ 500 million in revenue by 2027 , the MiniGame Platform will play a critical role in driving new revenue streams for gaming businesses and supporting Real- Time Communication , TRTC , Live-streaming and Media Solutions .

Tencent Cloud , one of the world ' s cloud companies , is committed to creating innovative solutions to resolve real-world issues and enable digital transformation for smart industries .

Tencent Cloud provides businesses across the globe with stable and secure industrycloud products and services , leveraging technological advancements such as cloud computing , Big Data analytics , AI , IoT and network security . p

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