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Central Bank of the UAE (CBUAE)

UAE, China Execute First Cross-Border CBDC Payment via ‘Jisr’ Network

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Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), received Pan Gongsheng, Governor of the People’s Bank of China (PBOC), at Qasr Al Watan in Abu Dhabi, in the presence of Khaled Mohamed […]

The post UAE, China Execute First Cross-Border CBDC Payment via ‘Jisr’ Network appeared first on Fintechnews Middle East.

Tamara Secures Restricted Finance License from UAE Central Bank

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Tamara has officially been granted a restricted finance license by the Central Bank of the UAE (CBUAE). As one of the UAE’s leading fintech platforms, the company has strengthened its standing as a trusted financial partner. Gaining full regulatory status marks a significant milestone, enabling Tamara to contribute to the objectives of the UAE Vision […]

The post Tamara Secures Restricted Finance License from UAE Central Bank appeared first on Fintechnews Middle East.

Wise Secures UAE Central Bank Approval to Launch Services

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Wise has received regulatory approval from the Central Bank of the UAE (CBUAE) to offer its services in the country. The approvals cover two categories: Stored Value Facilities and Retail Payment Services, Category 2. This development will allow Wise to introduce its products, including Wise Account and Wise Business, to individual and business customers in […]

The post Wise Secures UAE Central Bank Approval to Launch Services appeared first on Fintechnews Middle East.

Crypto.com Receives In-Principle Approval for UAE SVF License

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Foris DAX Middle East, trading as Crypto.com, has received In-Principle Approval (IPA) from the Central Bank of the UAE (CBUAE) for a Stored Value Facilities (SVF) license. Once the final license is granted, the company will be able to provide digital payment services for Dubai Government fees in UAE dirhams or dirham-pegged stablecoins, through the […]

The post Crypto.com Receives In-Principle Approval for UAE SVF License appeared first on Fintechnews Middle East.

Huru Launches to Expand Financial Access for UAE’s Unbanked

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Huru, a UAE-based fintech company licensed by the Central Bank of the UAE (CBUAE), has entered the market with the aim of serving the country’s unbanked and underbanked communities through a comprehensive financial management app. The company seeks to address long-standing gaps in access to essential financial services and promote financial inclusion. The platform integrates […]

The post Huru Launches to Expand Financial Access for UAE’s Unbanked appeared first on Fintechnews Middle East.

UAE and Türkiye Central Banks Agree on Currency Swap and Payment Cooperation

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The Central Bank of the UAE (CBUAE) and the Central Bank of the Republic of Türkiye (CBRT) have signed a bilateral currency swap agreement between the UAE dirham (AED) and the Turkish lira (TRY), alongside two MoUs. The swap agreement, valued at AED 18 billion and TRY 198 billion, is intended to support bilateral trade […]

The post UAE and Türkiye Central Banks Agree on Currency Swap and Payment Cooperation appeared first on Fintechnews Middle East.

Revolut Secures In-Principle Approval from UAE Central Bank

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Revolut has received in-principle approval for its Stored Value Facilities and Retail Payment Services (Category II) licenses from the Central Bank of the UAE (CBUAE). The approval marks a step towards Revolut launching its services in the UAE, where it plans to offer a full suite of products to retail customers. The UAE is viewed […]

The post Revolut Secures In-Principle Approval from UAE Central Bank appeared first on Fintechnews Middle East.

Ant International Advances UAE Expansion with ADIO Agreement and Central Bank Approval

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Ant International, a global provider of digital payment, digitisation, and financial technology services, has announced two developments that mark a step forward in its expansion in the UAE. The company has signed a MoU with the Abu Dhabi Investment Office (ADIO) and received In-Principle Approval (IPA) for the Stored Value Facilities (SVF) and Retail Payment […]

The post Ant International Advances UAE Expansion with ADIO Agreement and Central Bank Approval appeared first on Fintechnews Middle East.

CBUAE Publishes Report on Digital Dirham Ahead of Official Launch

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In preparation for the launch of the UAE’s national digital currency and in support of the country’s broader digital transformation efforts, the Central Bank of the UAE (CBUAE) has released a detailed report on the Digital Dirham project. The publication provides a comprehensive overview of the progress made to date, alongside ongoing research and development […]

The post CBUAE Publishes Report on Digital Dirham Ahead of Official Launch appeared first on Fintechnews Middle East.

Gomti Exchange License Revoked by CBUAE Over Compliance Breaches

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The Central Bank of the UAE (CBUAE) has revoked the license of Gomti Exchange, an exchange house operating in the UAE, and removed its name from the Register, in accordance with Article (137) of Decretal Federal Law No. (14) of 2018 regarding the Central Bank and Organisation of Financial Institutions and Activities, and its amendments. […]

The post Gomti Exchange License Revoked by CBUAE Over Compliance Breaches appeared first on Fintechnews Middle East.

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