Wise, the global fintech company revolutionizing international money transfers, has received final approval from the Central Bank of the United Arab Emirates (UAE) for its Stored Value Facilities and Retail Payment Services licenses. These approvals pave the way for Wise to introduce its full range of personal and business financial products to the UAE, one of the world’s most diverse markets, a home to over 200 nationalities, where over $40 billion is transferred across borders each year.
With these licenses, Wise plans to launch its flagship products — the Wise Account and Wise Business — allowing users to send, spend and receive money globally.
The company currently serves more than 15 million customers worldwide and the approvals mark a major milestone for its regional growth. With over 70 licenses worldwide and recent approvals in India and Australia, Wise continues to expand its global footprint and strengthen its mission to make international payments simpler and more accessible.
Interested to expand your business into the UAE and open your personal and your business accounts? Get in touch with us to do it for you at +971 521 521 330 or via email at office@alphaprimedwc.ae.
