Tagged: central bank of uae

Fintech PayBy Licensed by UAE Central Bank to Conduct Retail Payment Services Operations

January 6, 2023 @ 6:51 pm By Omar Faridi |

PayBy, a Fintech firm recently acquired by Astra Tech in August 2022, has been licensed by the Central Bank of the UAE “to conduct Stored Value Facility (SVF) and Retail Payment Services (RPS) operations.” The license “represents one of the country’s highest levels of financial… Read More

Read more in: Asia, Fintech | Tagged abdallah abu sheikh, central bank of uae, financial services, fintech adoption, fintech trends, mena, mena region, middle east, operational license, payby, uae, united arab emirates

Central Bank of UAE and Bank Indonesia Sign MoU, Focusing on Digital Innovation in Payments

November 15, 2021 @ 10:32 pm By Omar Faridi |

The Central Bank of the UAE (CBUAE) and Bank Indonesia (the Central Bank of the Republic of Indonesia) have reportedly entered a Memorandum of Understanding (MoU) in order to expand mutual co-operation. The bilateral MoU will be including three key areas, focusing on digital innovation… Read More

Read more in: Asia, Fintech, Global, Politics, Legal & Regulation | Tagged aml, bank indonesia, central bank of uae, fatf, financial services, indonesia, islamic finance, mena, mena region, middle east, perry warjiyo, uae, united arab emirates