{"id":13066,"date":"2025-10-15T03:44:00","date_gmt":"2025-10-15T03:44:00","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=28197"},"modified":"2025-10-15T03:44:00","modified_gmt":"2025-10-15T03:44:00","slug":"wise-secures-uae-central-bank-approval-to-launch-services","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/wise-secures-uae-central-bank-approval-to-launch-services\/","title":{"rendered":"Wise Secures UAE Central Bank Approval to Launch Services"},"content":{"rendered":"<p><a href=\"https:\/\/fintechnews.ae\/tag\/wise\"  rel=\"noopener\">Wise<\/a> has received regulatory approval from the <a href=\"https:\/\/fintechnews.ae\/tag\/central-bank-of-the-uae-cbuae\/\"  rel=\"noopener\">Central Bank of the UAE (CBUAE)<\/a> to offer its services in the country.<\/p>\n<p>The approvals cover two categories: Stored Value Facilities and Retail Payment Services, Category 2.<\/p>\n<p>This development will allow Wise to introduce its products, including Wise Account and Wise Business, to individual and business customers in the UAE.<\/p>\n<p>Joyce Lau, Country Manager, Wise UAE, said:<\/p>\n<figure id=\"attachment_28198\" aria-describedby=\"caption-attachment-28198\" style=\"width: 150px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-28198 size-thumbnail\" src=\"https:\/\/fintechnews.ae\/wp-content\/uploads\/2025\/10\/Joyce-Lau-150x150.jpg\" alt=\"Joyce Lau\" width=\"150\" height=\"150\" srcset=\"https:\/\/fintechnews.ae\/wp-content\/uploads\/2025\/10\/Joyce-Lau-150x150.jpg 150w, https:\/\/fintechnews.ae\/wp-content\/uploads\/2025\/10\/Joyce-Lau-300x300.jpg 300w, https:\/\/fintechnews.ae\/wp-content\/uploads\/2025\/10\/Joyce-Lau-450x451.jpg 450w, https:\/\/fintechnews.ae\/wp-content\/uploads\/2025\/10\/Joyce-Lau.jpg 500w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><figcaption id=\"caption-attachment-28198\" class=\"wp-caption-text\">Joyce Lau<\/figcaption><\/figure>\n<blockquote>\n<p>\u201cThese regulatory approvals mark a significant milestone for Wise in the UAE, and we&#8217;re grateful for the CBUAE&#8217;s collaborative approach and commitment to fostering financial innovation. We&#8217;ll be able to provide people and businesses with all the tools that make international money management faster, cheaper, and more transparent.\u201d<\/p>\n<\/blockquote>\n<p>Wise currently serves over 15 million customers worldwide, moving about US$48 billion across borders each quarter and holding more than $28 billion in customer accounts.<\/p>\n<p>The company now holds over 70 regulatory licenses globally.<\/p>\n<p>Earlier this year, Wise obtained in-principle regulatory <a href=\"https:\/\/fintechnews.sg\/112298\/fintech-india\/wise-india\/\"  rel=\"noopener\">approval<\/a> from the Reserve Bank of India (RBI) to operate as a payment aggregator and was granted an investment services license in Australia, allowing customers to earn returns on their account balances through its Assets feature.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Featured image credit: Edited by Fintech News Middle East, based on image by <a href=\"https:\/\/www.freepik.com\/premium-photo\/united-arab-flag_2362523.htm#fromView=search&amp;page=3&amp;position=34&amp;uuid=285cacb8-c9bf-46c9-a339-ebba2e6164c7&amp;query=uae+flag\"  rel=\"noopener\">pranavkr<\/a> via Freepik<\/em><\/p>\n<p>The post <a href=\"https:\/\/fintechnews.ae\/28197\/fintechdubai\/wise-uae-central-bank-approval\/\">Wise Secures UAE Central Bank Approval to Launch Services<\/a> appeared first on <a href=\"https:\/\/fintechnews.ae\/\">Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&#8230;]<\/p>\n<p>The post <a href=\"https:\/\/fintechnews.ae\/28197\/fintechdubai\/wise-uae-central-bank-approval\/\">Wise Secures UAE Central Bank Approval to Launch Services<\/a> appeared first on <a href=\"https:\/\/fintechnews.ae\/\">Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175,278,206,439],"tags":[],"class_list":["post-13066","post","type-post","status-publish","format-standard","hentry","category-abu-dhabi","category-central-bank-of-the-uae-cbuae","category-dubai","category-wise"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/13066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=13066"}],"version-history":[{"count":1,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/13066\/revisions"}],"predecessor-version":[{"id":13067,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/13066\/revisions\/13067"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=13066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=13066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=13066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}