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UAE Central Bank Grants Preliminary Licenses to Alaan and XTransfer

The Central Bank of the United Arab Emirates has issued in-principle approvals to both Alaan and XTransfer, authorizing them to establish retail payment and securities services operations. The regulatory clearances mark a significant expansion of licensed fintech activity within the emirate’s financial sector.

3 Sept, 05:15 — 3 Sept, 11:07
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Low (24/100)
2 sources— more sources would strengthen this score15/33
Spectrum spread1/5 buckets covered0/33
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