Ebury to offer regulated money services in DIFC
Wednesday, 12 09 2020, Category: Technology, Country: U.A.E
The Dubai International Financial Centre, DIFC, the leading global financial centre in the Middle East, Africa and South Asia, MEASA, region, announced that Ebury, a leading global FinTech backed by Santander Bank offering cross-border financial services and risk management has been granted a Financial Services licence to carry out the regulated activity of providing money services from the Centre.
Ebury, which has 22 people based out of the UAE already, has become the first company to be granted such a licence to engage in money services under the Dubai Financial Services Authority’s comprehensive Money Services Regime.
The licence will allow Ebury to enhance the services it offers to SMEs in the region, and to do it in or from the DIFC. It will allow Ebury to provide money services and arrange credit enabling activities such as booking transactions, giving advice and onboarding clients from its DIFC office.
Source: Emirates News Agency