Ziina receives CBUAE approval to provide merchant payment acceptance and cross-border remittance services
Ziina Secures CBUAE Approvals for Merchant Payments and Transfers
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Ziina has obtained a Retail Payment Services Category III license from CBUAE and approval to provide overseas remittances through its app and other digital channels. The license covers domestic fund transfers, merchant acquiring, payment aggregation, and merchant payment acceptance tools such as payment links, QR payments, Tap to Pay, and online payment gateways.
These approvals distinguish retail payment services licensing from exchange activities under the existing SVF license, outlining the regulatory path for Ziina to expand its merchant payment acceptance and cross-border remittance businesses in the UAE.
Source:Fintech News Middle East · fintechnews.ae