PhotonPay Unlocks UAE Payment Rails After Securing DFSA License
This pivotal milestone represents the company's first license in the UAE, signaling a major expansion of its footprint across the MEASA region and solidifying its global compliance-first strategy.
PhotonPay, the next-generation global financial infrastructure, has been granted a Category 3D License by the Dubai Financial Services Authority (DFSA). This pivotal milestone represents the company’s first license in the UAE, signaling a major expansion of its footprint across the MEASA region and solidifying its global compliance-first strategy.
The UAE represents a vital trade corridor for global commerce as one of the world’s leading financial hubs with a diverse ecosystem of international enterprises. PhotonPay has engaged deeply with the market through attending the Dubai Fintech Summit, ongoing dialogues with leading financial institutions and ecosystem partners, and advancing a methodical path toward market entry.
“The UAE is one of the fastest-growing payment hubs and an essential corridor in global commerce. This license is a pivotal step towards our mission of scaling comprehensive global coverage and reflects our long-standing commitment to compliance. We are excited to enhance our proposition in the UAE, empowering businesses to operate globally with greater confidence and control.”
– Lewison Chen, Founder & CEO, PhotonPay
This milestone highlights PhotonPay’s ongoing commitment to aligning with rigorous global standards in compliance, security and AML, supported by AI-driven risk management. It also strengthens the company’s ability to help enterprises pursue opportunities across the Middle East, with improved regional execution and partner connectivity.
“This is a practical step forward for our clients. Securing the UAE Category 3D Licence enables us to better serve corporate and professional clients with improved access to local payment rails, UAE-aligned onboarding, local payout and settlement options, and corporate payment tools designed for cross-border operations—turning expansion plans into action.”
– Aamir Quraishi, Chairman, PhotonPay Dubai
With 11 offices worldwide, PhotonPay continues to strengthen its on-the-ground presence in key markets, supported by advanced technologies that enhance compliance, risk management and operational efficiency across its global payment infrastructure.
