Page 192 - AAE PR REPORT - MARCH 2025

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

Mohammad Bitar, Deputy CEO of Al Ansari Financial Services, says having fintechs follow the

same rules on minimum capital requirements would be a good start.
Supplied

Tight rules on BNPL

In recent years, the UAE Central Bank has closely tracked the fintech sector, most notably when they
introduced strict rules on the formation and operation of 'buy now pay later' consumer financing

platforms. It meant these businesses had to show a fairly sizable capital as being in place, and there

were also guidelines on how they can engage with customers.

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