Telecom operator Du, officially known as Emirates Integrated Telecommunications Company (EITC), has received licences from the Central Bank of the UAE to offer new digital financial services. These licences will enable Du to introduce cutting-edge financial solutions, contributing to the development of a modern, future-ready financial ecosystem across the UAE.
With these licences, Du can provide a range of digital financial services tailored to the evolving needs of customers in the digital age. This strategic move positions EITC as a key player in the rapidly growing fintech sector, supporting the UAE’s goals of fostering innovation, enhancing competition, and promoting financial inclusion in a cashless society.
Fahad Al Hassawi, CEO of EITC, expressed optimism about the company’s new direction: “EITC’s entry into the digital financial services space will further enrich the UAE’s financial landscape with customer-centric solutions that drive growth and development.”
EITC aims to offer individuals and businesses secure, efficient, and convenient solutions that simplify financial transactions, aligning with the broader vision of a digitally empowered UAE.
Meanwhile, Etisalat by e&, the UAE’s other major telecom operator, continues to offer a variety of fintech solutions to its customers, reinforcing the competitive and innovative spirit in the country’s telecom and financial sectors.
