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3/26/25, 9:16 AM Al Ansari Digital Pay Secures Final Approvals for Digital Wallet

TECHNOLOGY
Al Ansari Digital Pay Secures Final Approvals for Digital Wallet

25 Mar 2025 1 Min Read CW Team
Al Ansari Digital Pay, the fintech arm of Al Ansari Financial Services PJSC (DFM: ALANSARI), has received final 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 paves the way for the official launch of its Al Ansari Wallet in Q2 2025.

The SVF license enables digital account creation, while the RPSCS license allows prepaid card issuance, merchant payments, and
online acquiring services. The wallet aims to enhance financial inclusion, providing digital payment solutions for unbanked and
underbanked communities.

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