- Nuvei receives in-principle approval for Retail Services Category II License in UAE.
- License enables Nuvei to offer comprehensive payment solutions in the UAE market.
Canadian fintech company Nuvei Corporation has received in-principle approval for a Retail Services Category II License from the Central Bank of the UAE.
This strategic move marks a significant expansion into the United Arab Emirates (UAE), developing Nuvei global presence and reinforcing its commitment to the Middle East and North Africa (MENA) region.
With the Retail Services Category II License, Nuvei can now offer a comprehensive range of payment technologies to businesses in the UAE. This includes direct local acquiring, payment aggregation services, and both domestic and cross-border fund transfers.
Nuvei already maintains a strong commercial presence and high-profile partnerships in the MENA region. This new license further underscores its dedication to fostering growth for its customers on both local and international fronts.