MBME Pay Secures UAE License to Boost Digital Payments and Cashless Economy
MBME Pay has secured a Payment Service Provider license (Category 3) from the Central Bank of the UAE. As a result, the company can now conduct merchant acquiring and payment aggregation activities within a fully regulated framework.
Consequently, this approval places the company among a select group of regulated payment providers in the UAE. Moreover, it strengthens its role in the country’s rapidly evolving digital payments ecosystem. The company emphasized that the license highlights its infrastructure strength, compliance standards, and long-term ambitions.
Expanded Services and Digital Capabilities
With this authorization, the company can deliver end-to-end merchant acquiring solutions. In addition, it can operate as a licensed payment aggregator across multiple channels. Therefore, businesses gain access to compliant and streamlined transaction processing services.
Furthermore, the platform will support enterprises, SMEs, and government entities in shifting toward digital payment systems. At the same time, it offers integrated services such as onboarding, system integration, fraud and risk management, and transaction processing. As a result, merchants benefit from a unified and efficient payment ecosystem.
Additionally, as part of MBME Group, the platform connects consumers, merchants, and institutions through APIs and digital technologies. Consequently, it enables secure transactions across e-commerce, retail, service sectors, and government channels.
Growth Strategy and Industry Impact
Looking ahead, the license is expected to accelerate partnerships with financial institutions and technology providers. Moreover, it will expand the company’s portfolio of merchant-focused services.
At the same time, this development aligns with the UAE’s broader strategy to build a resilient and inclusive digital economy. Therefore, the company aims to promote financial inclusion, support digital transformation initiatives, and drive innovation through scalable payment technologies.
