WAM
08 Apr 2025, 19:14 GMT+10
DUBAI, 8th April, 2025 (WAM) -- Tap Payments announced today that it has obtained a licence to provide commercial payment services from the Central Bank of the United Arab Emirates, in a step that strengthens the company's presence in the UAE market.
The company emphasised in a press release the importance of the UAE market, which is the largest in the region in the field of financial technology and payments, hosting 184 companies specialized in this vital sector.
According to the press release, the digital payments sector in the UAE is witnessing rapid growth, with the total value of transactions expected to reach about US$80.37 billion by 2025, at a compound annual growth rate estimated at 13.8 percent through 2029, exceeding US$134.84 billion by that year.
Ali Abulhasan, Co-Founder and CEO of Tap Payments, said, "This licence represents a pivotal achievement in our journey to unify and simplify digital payments in the region."
Get a daily dose of Iraq Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iraq Sun.
More InformationGENEVA, Switzerland: Japan's car industry is facing a multibillion-dollar blow as sweeping U.S. auto tariffs threaten its largest export...
TALLAHASSEE, Florida: A famous old ocean liner, the SS United States, will soon become the world's biggest artificial reef off the...
MANILA, Philippines: A Philippine security official stated that acquiring F-16 fighter jets from the United States will not harm any...
WASHINGTON, D.C.: Amazon.com has announced that it will launch the first 27 satellites for its Project Kuiper internet network this...
NEW YORK, New York - UN Secretary-General Antonio Guterres has voiced profound concern over the escalating human toll in Gaza, as...
LONDON, U.K.: Daniel Kretinsky's path to owning Royal Mail is nearly complete, as his firm EP Group announced this week that all regulatory...
NEW YORK, New York - UN Secretary-General Antonio Guterres has voiced profound concern over the escalating human toll in Gaza, as...
DUBAI, 8th April, 2025 (WAM) -- Tap Payments announced today that it has obtained a licence to provide commercial payment services...
New Delhi [India], April 8 (ANI): Defence Minister Rajnath Singh on Tuesday held a productive meeting with Sheikh Hamdan bin Mohammed...
DUBAI, 8th April, 2025 (WAM) -- The HITEC Middle East and North Africa Conference (HITEC MENA) will be held from 27th to 29th May at...
ABU DHABI, 8th April, 2025 (WAM) -- The UAE Ministry of Investment and UN Trade and Development (UNCTAD) have signed a Memorandum of...
ABU DHABI, 8th April, 2025 (WAM) -- The United Arab Emirates has established itself as one of the world's fastest responders to natural...