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3/26/25, 9:11 AM Al Ansari Digital Pay Secures Final Approvals to Launch Digital Wallet, Driving UAE’s Cashless Economy

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Mar 25, 2025 202 20

Al Ansari Digital Pay Secures Final Approvals To Launch Digital

Wallet, Driving UAE’s Cashless Economy

Al Ansari Digital Pay, the fintech arm of Al Ansari Financial Services PJSC (DFM: ALANSARI), has received final regulatory approvals from the
Central Bank of the UAE (CBUAE) for its Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses. This
milestone paves the way for the official launch of Al Ansari Wallet, a state-of-the-art digital payment platform, reinforcing the UAE’s vision of a
cashless, financially inclusive economy.

The approvals mark the final step before the official launch, following the In-Principle approval granted by the CBUAE. The move further
strengthens Al Ansari Digital Pay’s position in the fintech sector, enabling it to expand its payment solutions and enhance financial accessibility
across the UAE.

Revolutionizing Digital Payments With Al Ansari Wallet

Al Ansari Digital Pay is set to launch its Al Ansari Wallet mobile application in Q2 2025, offering an all-in-one fintech solution for both individual
consumers and businesses.
With the SVF license, users will be able to open digital accounts to manage their finances seamlessly and securely. The RPSCS license will enable
prepaid card issuance, merchant payment facilitation, and acquiring services for online and retail businesses.

The platform is designed to empower unbanked and underbanked communities, offering accessible and affordable financial services, including
micro-financing solutions. This aligns with national efforts to bridge the digital payments gap for those without access to traditional banking.

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