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CBUAE PSP and card license
Retail payment services have undergone a major transformation in the United Arab Emirates in recent years, propelled by digitalisation and evolving consumer expectations. In mid-2021, the Central Bank of the UAE, or CBUAE, introduced its Retail Payment Services and Card Schemes (RPSCS) Regulation, which includes the PSP and card license. This regime set out new […]
AISP and PISP licensing in the DIFC
As global demand for digital finance grows, the DIFC (Dubai International Financial Centre) has become a strategic hub for companies launching AISP (Account Information Service Provider) and PISP (Payment Initiation Service Provider) operations. These licensing models are built around “open banking” frameworks that allow firms to securely access customer account data and initiate transactions on […]
How to successfully claim ILOE insurance in UAE
Millions of workers in the UAE rely on ILOE insurance as a safety net – but claiming it isn’t always easy Many people in the UAE don’t know if freelance, part-time, or self-employed work makes them eligible for ILOE. The paperwork alone can be daunting. People often don’t know which forms to fill out or […]
Why 100% foreign ownership is a game changer in Dubai
Understanding foreign ownership laws in Dubai Before the new law was introduced, foreign investors were required to have a local partner. The local partner would hold at least 51% of the shares in any company operating in the UAE. This meant that foreign investors were limited in the amount of control they could have over […]
