Ant International Secures in-Principle Approval From UAE C-Bank for Two Licenses
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7 Articles
Ant International Advances UAE Expansion with ADIO Agreement and Central Bank Approval - Fintechnews Middle East
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 Services and Card Schemes (RPSCS) licenses from the Central Bank of the UAE (CBUAE). Th…
Ant International Secures Key Approvals for UAE Expansion
The in-principle approval covers Stored Value Facilities and the Retail Payment Services and Card Schemes licences, a prerequisite for the full licences needed to launch operations in the country. Once granted, the company said it plans to offer merchant acquiring, payment aggregation, e-wallet issuance, and domestic and cross-border fund transfers. H.E. Badr Al-Olama, director general of the Abu Dhabi Investment Office, commented: “With progre…
Ant International partners Abu Dhabi Investment Office and receives IPA from Central Bank of the UAE to support local digitalization and fintech strategy
Ant International, a Singapore-based digital payment, digitization and financial technology provider, announced Monday two milestones that mark a significant step forward for its business expansion in the United Arab Emirates (UAE). The firm said in a statement that it has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Investment Office (ADIO) and received In-Principle Approval (IPA) for the Stored Value Facilities (SVF) and the R…
Ant International Partners With Abu Dhabi Investment Office and Receives IPA From Central Bank of the UAE to Support Local Digitalisation and Fintech Strategy
Ant International, a leading global digital payment, digitisation and financial technology provider, today announces two milestones that mark a significant step forward for its business expansion in the United Arab Emirates (UAE).
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