Fuze, a leading financial infrastructure provider headquartered in Abu Dhabi, has officially received regulatory approval from the Central Bank of the United Arab Emirates (CBUAE) to operate under a Retail Payment Services and Card Schemes (RPSCS) license.
The license was granted through Fuze’s subsidiary, Niobe Payment Services LLC SPC, marking a major milestone in the company’s journey to become a fully regulated payment service provider in the region.
With this approval, Fuze strengthens its dual positioning: as a licensed digital assets infrastructure provider and as a regulated player in the UAE’s rapidly evolving payments landscape. The license enables Fuze to deliver faster, more secure, and compliant payment solutions for businesses of all sizes.
Driving Innovation in Payments
Fuze is currently developing a next-generation payment stack that blends cutting-edge technology with seamless user experiences and built-in regulatory compliance. The platform aims to help businesses reduce transaction times, streamline operations, and meet local regulatory requirements more effectively.
Mohammed Ali Yusuf, CEO and Co-Founder of Fuze, emphasized the importance of the license in the company’s growth strategy:
“We are honored to receive this license from the Central Bank. It marks a pivotal moment in our journey as we deliver innovative and compliant payment infrastructure, including solutions like virtual IBANs that can greatly benefit businesses.”
Supporting the UAE’s Digital Economy Goals
Fuze’s services will align with the UAE’s Digital Economy Strategy, which targets increasing the digital economy’s contribution to the national GDP to 19.4% by 2032. As part of this vision, the company is focused on building robust financial infrastructure to power the region’s digital transformation.
Upcoming Launch: AI-Driven Payment Platform
As part of its expansion, Fuze plans to launch a comprehensive payment platform featuring:
- Real-time digital payment and settlement capabilities
- AI-powered compliance and fraud detection systems
- Virtual IBANs for faster fund collection and streamlined money management
- Merchant support tools tailored for UAE-based businesses
This new suite of solutions is designed to address the needs of modern businesses seeking secure, efficient, and innovative payment methods.
With this strategic license in place, Fuze is poised to become a key player in shaping the future of digital payments across the UAE and the broader MENA region.
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