Hubpay, the UAE’s leading FX platform, has partnered with Aquanow, an institutional digital asset platform, to launch the UAE’s first fully regulated crypto payment gateway for businesses and SMEs. The collaboration enables businesses to accept cryptocurrency payments alongside traditional fiat transactions, offering seamless and secure options for cross-border payments.
The new crypto payment gateway is regulated by both Dubai’s Virtual Asset Regulatory Authority (VARA) and the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM), ensuring compliance with local regulations. This partnership allows businesses to transact in both fiat and cryptocurrencies, positioning the UAE as a global leader in digital finance.
Kevin Kilty, CEO and Founder of Hubpay, emphasized the significance of the partnership, stating, “By integrating Aquanow’s infrastructure with our regulated network, we’re empowering businesses to transact seamlessly in both fiat and crypto, advancing the UAE’s agenda to drive economic diversification and foster fintech innovation.”
Phil Sham, CEO of Aquanow, highlighted that the partnership brings practical applications to digital assets, making them an efficient means of conducting high-value transactions. The integration of Aquanow’s technology with Hubpay’s regulated network eliminates friction in large-scale transactions, benefiting buyers, sellers, and investors.
The partnership is poised to boost the UAE’s position in the global fintech market. The integration of crypto payments is particularly beneficial for industries like real estate, enabling faster property transactions, reducing transaction fees, and enhancing financial accessibility for international buyers. Additionally, SMEs can streamline cross-border payments, reduce costs, and improve cash flow management through the new payment gateway.
This initiative aligns with the UAE’s push for economic diversification and innovation in fintech, reinforcing Dubai and Abu Dhabi’s status as global financial hubs. With this move, the UAE is positioning itself as a pioneering leader in blockchain adoption and digital finance.
About Hubpay
Hubpay is a leading financial exchange platform in the UAE, offering secure, efficient, and regulated international payment solutions for businesses and expats.
About Aquanow
Aquanow is a global leader in digital asset infrastructure, providing institutional-grade crypto solutions and facilitating seamless transactions for businesses, investors, and developers.
