Arab Financial Services (AFS), a provider of digital payment solutions and a fintech enabler throughout the MENA region, has revealed its expansion into the United Arab Emirates.
This follows AFS’s acquisition of a Category II Retail Payment Services Licence from the Central Bank of the UAE, enabling the company to launch a range of payment solutions specifically designed for the country’s financial ecosystem.
Supported by USD 150M in funding, AFS’s entry into the UAE market underscores its commitment to advancing the financial services sector.
This move is in line with the UAE’s goal to strengthen its position as a global financial hub.
Leveraging its expertise and technology, AFS aims to provide businesses and consumers with payment solutions that will “improve financial accessibility and make a significant contribution to the UAE’s economic growth.”
To celebrate the occasion, AFS held a launch event in the UAE.
Attendees included AFS Chairman Sael Al Waary and members of the Board of Directors, alongside government officials, VIPs, partners, merchants, and industry professionals.
The event celebrated the company’s accomplishments and highlighted its potential to contribute to the growth of the nation’s digital payments infrastructure.
As AFS embarks on this new phase, it remains focused on shaping the future of digital payments, empowering “communities and promoting financial inclusion across the UAE and beyond.”
