Fuse obtains license from DIFC

NOHA.GAD
Jun 12, 2024

Dubai - Sharikat Mubasher: Fuse Financial Technologies (Fuse), a Dubai-based payments company, obtained a license from Dubai International Financial Centre (DIFC) to cater to the growing demand for remitting money in the UAE, the company announced in a press release.

The license, regulated by the Dubai Financial Services Authority (DFSA), enables Fuse to seamlessly facilitate payments for global businesses in and around the Middle East.

The license will also enable Fuse to serve new and existing global corporate customers who plan to expand their products and services to the Middle East.

Commenting on this achievement, George Davis, Co-Founder and CEO of Fuse, said: “Our mission is to make MENA simple and accessible for global businesses, and this fueled our decision to work with the DFSA as its understanding of both local and international payments is essential in realizing our ambition.”

“Through a transparent approach, Fuse has developed robust risk and compliance frameworks that make it simple for any regulator to become comfortable with our products,” Davis added.

He noted that the license will allow Fuse to quickly launch products for customers through its Virtual IBANs and Domestic and International payment infrastructure.

Fuse targets empowering global businesses to thrive seamlessly in the UAE, driving innovation, and facilitating economic growth while helping payment companies, creator economy applications, employers of record (EORs), and platform businesses to make seamless payments in and around the region.


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