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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.

CBUAE Revokes License of Al Nahdi Exchange Over Compliance Failures

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The Central Bank of the UAE (CBUAE) has revoked the license of Al Nahdi Exchange 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 decision follows examinations conducted by […]

The post CBUAE Revokes License of Al Nahdi Exchange Over Compliance Failures appeared first on Fintechnews Middle East.

UAE Banks to Raise Foreign Transaction Fees to 3.14% in September

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Travellers using UAE-issued credit and debit cards overseas will soon face higher costs, as banks across the country prepare to increase the foreign transaction fee to 3.14% starting 22 September 2025. The revised fee will apply to all international purchases and ATM withdrawals. As reported by Time Out Dubai, the new total fee includes a […]

The post UAE Banks to Raise Foreign Transaction Fees to 3.14% in September appeared first on Fintechnews Middle East.

CE-Ventures Invests in $657M Funding Rounds for Plaid and Mesh

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CE-Ventures, the corporate venture capital arm of UAE-based Crescent Enterprises, has announced investments in Plaid and Mesh, two companies developing infrastructure for the next generation of financial services. The investments reflect CE-Ventures’ view that finance is evolving toward systems that are open, programmable, and increasingly crypto-native, with long-term value likely to come from companies building […]

The post CE-Ventures Invests in $657M Funding Rounds for Plaid and Mesh appeared first on Fintechnews Middle East.

Lean Technologies Among First to Gain UAE Approval Under New Open Finance Framework

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Lean Technologies, a financial infrastructure provider based in the MENA region, has received In-Principle Approval (IPA) from the Central Bank of the UAE under the country’s new Open Finance Framework. The IPA positions Lean as one of the first companies to offer regulated Open Finance services in the UAE, advancing its path toward full licensing. […]

The post Lean Technologies Among First to Gain UAE Approval Under New Open Finance Framework appeared first on Fintechnews Middle East.

UAE Central Bank Partners with Mercury to Launch Unitey for National Payments Infrastructure Overhaul

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The Central Bank of the United Arab Emirates (CBUAE) and Mercury, a UAE-based fintech firm specialising in payments infrastructure and services, have announced the establishment of a joint venture, Unitey Business Services. The initiative is aimed at supporting the CBUAE’s Financial Infrastructure Transformation (FIT) programme by strengthening the operations of the UAE’s national financial market […]

The post UAE Central Bank Partners with Mercury to Launch Unitey for National Payments Infrastructure Overhaul appeared first on Fintechnews Middle East.

UAE Banks to End OTPs via SMS and Email Starting 25 July

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Starting Friday, 25 July, banks in the UAE will no longer send one-time passwords (OTPs) via SMS or email for any financial or electronic transactions, including both domestic and international transfers. The move follows new directives from the Central Bank of the UAE (CBUAE) aimed at strengthening the nation’s digital banking security framework, according to […]

The post UAE Banks to End OTPs via SMS and Email Starting 25 July appeared first on Fintechnews Middle East.

CBUAE and Presight Launch Joint Venture to Boost AI Integration in Financial Infrastructure

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The Central Bank of the United Arab Emirates (CBUAE) and Presight, an AI and big data analytics company, have announced the establishment of a joint venture to support the CBUAE’s Financial Infrastructure Transformation (FIT) Programme. The initiative represents a key development in the UAE’s efforts to strengthen the resilience of its financial systems and integrate […]

The post CBUAE and Presight Launch Joint Venture to Boost AI Integration in Financial Infrastructure appeared first on Fintechnews Middle East.

Telr and Peko Launch Telr Incepta to Support Business Setup in the UAE

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Telr, a digital payment gateway and financial solutions provider based in Dubai, has announced a partnership with Dubai-based fintech company Peko to introduce Telr Incepta, an all-in-one platform aimed at supporting business setup and operations in the UAE. The platform is designed to assist SMEs by integrating a range of tools and services that facilitate […]

The post Telr and Peko Launch Telr Incepta to Support Business Setup in the UAE appeared first on Fintechnews Middle East.

TikTok and Visa Partner to Support UAE SMBs with Digital Ad Credits

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TikTok and Visa have announced a strategic partnership aimed at supporting SMBs across the UAE by offering access to digital tools, resources, and incentives. From 1 July 2025, SMBs that spend at least US$250 on a TikTok campaign using a Visa Commercial card will receive US$150 in TikTok Ad Credits. This offer is only available […]

The post TikTok and Visa Partner to Support UAE SMBs with Digital Ad Credits appeared first on Fintechnews Middle East.

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