Fuze based in Abu Dhabi, a financial infrastructure provider in the Middle East, has obtained a license from the Central Bank of the EAU (CBUAE) for retail payment services and card schemes (RPSC).
Established in 2023, The Fuze Group, through its subsidiary Nibe Payment Services, and a licensed operator with a license for digital asset infrastructure. Now, through its payment infrastructure division, it is also a regulated payment services provider for the region.
The new license will help customers to benefit from faster and more safe payment options, with reduced transaction times and end -to -end compliance. Backed by a solid regulatory base, Fuze is implementing a pile of payments that brings together advanced technology and perfect user experience.
Mohammed Ali Yusuf, CEO and co -founder of Fuze, commented: “This license is the launch of the next generation of payments. It marks a key step in our mission of providing a digital and enabled infrastructure for the AI that will boost the future of finance and transform the payments.
“We have the privilege of receiving this license from the Central Bank and we hope to provide avant -garde payment infrastructure and novel solutions and virtual Ibans for a variety of companies.”
The new license is a significant milestone for Fuze, which undertakes to build the infrastructure for the future of finance. It complements the existing infrastructure of FUZE for digital assets, providing an innovative financial infrastructure adapted to the Mena region.
A new payment platform will combine technology promoted by AI, easy to use and integrated compliance functions to simplify and support commercial needs. Companies can select the services they need and omit those that do not have, ensuring a flexible and scalable configuration.
The characteristics of the platform include digital payments and settlements through real -time infrastructure; A-improved compliance detection motor; The Virtuals will facilitate payments and administer commercial funds and tools to help companies based in the EAU to administer payments.
Fuze has quickly established himself as a trusted partner for banks, fintechs and financial institutions in Mena, Türkiye and Asia del Sur. As a group, Fuze helps companies solve a variety of financial infrastructure challenges, from the navigation of digital assets and cryptographic integration, to payment rails and build financial products for the future.
In 2023, Fuze announced an initial record of US $ 14 million, the largest or this type for a digital asset infrastructure startup in the region. The round was directed by other companies, with the participation of Liberty City Ventures of New York.
Fuze is part of the prestigious HUB71 ecosystem in the Global ABU Dhabi (ADGM) market, and has regional offices in Dubai and Istanbul.
