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3/11/25, 10:01 AM UAE remittance fintechs must follow same rules to send money: Al Ansari's Deputy CEO
Business / Banking & Insurance

UAE remittance fintechs must follow same rules to send money: Al Ansari's Deputy CEO
'Fintechs in UAE free zones have advantages that allows them to offer free services'
Last updated: March 11, 2025 | 07:33
Manoj Nair, Business Editor

3 MIN READ

The UAE outward remittances market is one of the most intensely contested, with traditional FX
businesses fighting it out with banks and fintechs.
Shutterstock

Dubai: UAE fintechs offering remittance services have certain ‘unfair’ advantages that allows them
to ‘provide everything for free’ when using their digital platforms.

That needs to change, according to a senior member of FERG (Foreign Exchange Remittance

Group).

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