Arab Financial Services (AFS), a provider of digital payment solutions and a fintech enabler across the MENA region, has announced its expansion into the United Arab Emirates.
This follows the acquisition of a Retail Payment Services License – Category II from the Central Bank of the UAE by Arab Financial Services, allowing AFS to introduce a “suite of payment solutions tailored to the country’s financial landscape.”
Samer Soliman, CEO of AFS said:
“This license acquisition marks a pivotal juncture in our regional expansion strategy. We are excited to launch our innovative payment solutions in the UAE, a nation renowned for its progressive vision for digital transformation. Our advanced suite of services will empower consumers and businesses alike with enhanced convenience, security, and financial freedom.”
Rizwan Khan, MD for AFS UAE and Oman said:
“Expanding into the UAE is a tremendous opportunity for us to bring our market-leading payment and fintech capabilities to a country that values innovation and security in digital financial services. We are delighted to partner with local businesses and regulatory bodies to help nurture an inclusive digital ecosystem that meets the fast-evolving needs of the UAE and contribute to strengthening the country’s standing as a global fintech hub.”
Backed by a $150M in funding, AFS’s entry into the UAE market highlights its commitment to enhancing the financial services sector.
This initiative aligns with the country’s objective to solidify its position as a global financial hub.
By leveraging its expertise and technology, AFS is set to empower businesses and consumers with payment solutions that “enhance financial accessibility and significantly contribute to the UAE’s economic growth.”
To mark the occasion, AFS hosted a launch session in the UAE.
Guests included AFS Chairman Sael Al Waary and Board of Directors, as well as government officials, VIPs, partners, merchants, and industry professionals.
The event marked the company’s achievements and underscored its potential to advance the country’s digital payments ecosystem.
As AFS embarks on this new chapter, it remains dedicated to shaping the future of digital payments, empowering “communities, and enabling financial inclusion in the UAE and beyond.”
