Fuze, a rapidly growing financial infrastructure provider in the Middle East, has received approval from the Central Bank of the UAE (CBUAE) for a Retail Payment Services and Card Schemes (RPSCS) license. This approval positions Fuze Group, through its subsidiary Niobe Payment Services LLC SPC, as a fully licensed operator in digital asset infrastructure and a regulated provider of payment services for the region.
The new license will allow businesses to benefit from enhanced payment options, faster transactions, reduced processing times, and robust compliance features. With a solid regulatory foundation, Fuze is rolling out a comprehensive payment stack that integrates advanced technology, seamless user experiences, and built-in compliance.
Mohammed Ali Yusuf (Mo Ali Yusuf), CEO and Co-Founder of Fuze, commented on the achievement, saying, “This license is the launchpad for the next generation of payments. It marks a key step in our mission to provide digital and AI-enabled infrastructure that will drive the future of finance and transform payments.” He expressed excitement about the novel solutions, including virtual IBANs, that will be available for businesses.
Fuze’s technology is aligned with the UAE’s Digital Economy Strategy, which aims to double the contribution of the digital economy to the UAE’s GDP to 19.4% by 2032. The new license marks a major milestone for Fuze, which is committed to shaping the future of finance with its innovative payment infrastructure.
Powering a New Payment Era
With the license granted, Fuze is set to launch a new payment platform that combines AI-driven technology, user-friendly design, and integrated compliance features to meet the needs of modern businesses. This flexible platform will offer businesses the option to select the services they need, ensuring scalability and efficiency.
Key features of Fuze’s payment platform include:
- Digital payments and settlements using real-time infrastructure
- AI-enhanced compliance and fraud detection
- Virtual IBANs for easier payments and fund management
- Merchant tools to support UAE-based businesses in managing payments and growth
Strategic Expansion
Founded in 2023, Fuze is already recognized as a ‘Future 100’ business and has rapidly established itself as a trusted partner for banks, fintechs, and financial institutions across MENA, Turkey, and South Asia. The company is well-positioned to address a wide range of financial infrastructure challenges, from digital assets and crypto integration to payments solutions and scalable financial products.
For more information, visit the Fuze website.
