Bahrain, Sept. 29 -- DUBAI, LONDON - Airwallex, a leading global financial platform for modern businesses, today announced a series of regulatory, infrastructure and partner successes that will allow it to accelerate its expansion into the Middle East. The developments are part of a strategic push in the Middle East to capitalise on the huge growth opportunity in the region and come as the business expands across the broader APAC, EMEA and the Americas regions.
In the United Arab Emirates (UAE), Airwallex has secured In-Principle Approval for Stored Value Facilities and Retail Payment Services (Category II) Licences from the Central Bank of the UAE. This includes a Register of Stored Value Facilities (SVF) wallet with a limit that will sup...