Ripple Expands in UAE with New Financial Services License

  • Ripple has secured in-principle approval of a financial services license in Dubai.

  • The firm will be able to expand its services in the Dubai International Financial Centre.

  • Ripple has partnered with Al Ansari Exchange, UAE Exchange, and other firms in the past.

Ripple, the US-based fintech firm, continues to expand its presence in the United Arab Emirates (UAE). On October 1st, the company announced it received in-principle approval for a financial services license from the Dubai Financial Services Authority (DFSA). This license will allow Ripple to offer its payment services in the UAE.

Ripple announced on X (formerly Twitter) that the approval will allow it to expand its services within the Dubai International Financial Centre (DIFC), strengthening its “global footprint as a regulated entity.” This is not the first time Ripple has made a significant move in the region.

We’re delighted to have secured in-principle approval of a financial services license from Dubai Financial Services Authority, unlocking our end-to-end managed payments services in the UAE. 🌍🇩đŸ‡Șhttps://t.co/4zq8YPlgaG

— Ripple (@Ripple) October 1, 2024

Partnerships with UAE Remittanc


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