UAE

FATF Demotes UAE to Money Laundering ‘Gray List’
FATF Demotes UAE to Money Laundering ‘Gray List’
March 04, 2022  |  AML

The Financial Action Task Force, an intergovernmental agency that fights against money laundering, will soon put the United Arab Emirates on its so-called “gray list”...

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Zip Acquisition Gives Spotii a Boost in Highly Competitive MENA BNPL Market
Zip Acquisition Gives Spotii a Boost in Highly Competitive MENA BNPL Market
March 02, 2022  |  BNPL

The number of buy now, pay later (BNPL) firms that have emerged over the past few years, especially in the wake of the pandemic, has...

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Crypto-Themed Eatery Doge Burger Opens in UAE
Crypto-Themed Eatery Doge Burger Opens in UAE
February 22, 2022  |  Cryptocurrency

Digital currency, real hamburgers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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UAE Introduces Federal Licensing for Virtual Asset Service Providers to Attract Crypto Firms
UAE Introduces Federal Licensing for Virtual Asset Service Providers to Attract Crypto Firms
February 17, 2022  |  Cryptocurrency

Federal licensing for virtual asset service providers (VASPs) is in the last stretch of becoming a reality in the United Arab Emirates (UAE) as the...

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ACI Worldwide Teams with Banks to Integrate UAE’s Instant Payments
ACI Worldwide Teams with Banks to Integrate UAE’s Instant Payments
January 20, 2022  |  Faster Payments

Real-time digital payment software provider ACI Worldwide is helping banks connect to the United Arab Emirates’ (UAE) Instant Payments Platform (IPP) expected to roll out...

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EDB Banking App Backs 500+ UAE Firms Since September
EDB Banking App Backs 500+ UAE Firms Since September
December 29, 2021  |  International

The Emirates Development Bank said Wednesday (Dec. 29) that since the bank launched its Business Banking App in September, more than 500 United Arab Emirates-based...

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Indonesia, UAE Banks Collaborate on Cross-Border Payments
Indonesia, UAE Banks Collaborate on Cross-Border Payments
November 30, 2021  |  International

The central banks of Indonesia and the United Arab Emirates (UAE) have signed an agreement to boost payment system cooperation. Get the Full Story Complete...

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Monetary Authority of Singapore and UAE Sign Digital Trade Financing Pact 
Monetary Authority of Singapore and UAE Sign Digital Trade Financing Pact 
November 11, 2021  |  International

Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM)...

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Bringing UAE’s SMBs Into the Digital Economy
Bringing UAE’s SMBs Into the Digital Economy
October 06, 2021  |  SMBs

Small and midsized businesses (SMBs) have faced the brunt of the COVID-19 pandemic. Although governments have made efforts to provide relief, more needs to be...

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