Fuze Secures Key UAE Payment License, Accelerating Digital Payment Innovation

Fuze, a rapidly growing fintech enabler in the Middle East, has received a significant regulatory green light from the Central Bank of the UAE (CBUAE).The company has been granted a Retail Payment Services and Card Schemes (RPSCS) license via its subsidiary, Niobe Payment Services LLC SPC — a move that cements its role as a regulated payment service provider in addition to its existing digital assets infrastructure.This dual licensing allows Fuze to operate as a comprehensive financial infrastructure platform, bridging the gap between advanced payments technology and regulatory compliance. Businesses across the region will soon gain access to faster transaction processing, enhanced security protocols, and fully compliant financial tools.With this latest milestone, Fuze is preparing to launch an end-to-end payments suite designed for modern enterprises, fintech startups, and digital marketplaces. The platform will feature customizable services such as real-time digital settlements, virtual IBANs for simplified fund management, and merchant tools aimed at boosting operational efficiency. AI-powered fraud detection and compliance systems are also built into the stack, reinforcing Fuze’s commitment to responsible innovation.“This license isn’t just a regulatory win—it’s the foundation for what we believe will be the next era of payments,” said Mo Ali Yusuf, CEO and Co-Founder of Fuze. “We’re proud to partner with the Central Bank as we develop a payment infrastructure that merges advanced technology, seamless experiences, and rigorous compliance. We’re building tools—like virtual IBANs—that will change how businesses operate.”The approval aligns with the broader UAE Digital Economy Strategy, which aims to grow the digital sector’s contribution to national GDP to nearly 20% by 2032. Fuze’s latest offering is set to play a role in realizing that vision by equipping enterprises with scalable, secure, and AI-driven financial tools.Founded in 2023, Fuze has quickly become a name to watch, earning recognition as a “Future 100” company and establishing partnerships with leading banks and fintech firms across MENA, South Asia, and Turkey.From enabling digital asset infrastructure to solving real-world payment bottlenecks, Fuze’s comprehensive approach to financial services infrastructure is positioning it as a critical player in the region’s evolving financial landscape.