Page 36 - AAE PR REPORT - November 2023
P. 36
UAE: Al Ansari Digital Pay receives regulatory in
principle approval to launch digital wallet
Initiative targeting the unbanked population
by
A Staff Reporter
Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services.
Published: Mon 20 Nov 2023, 5:49 PM
Al Ansari Digital Pay, a subsidiary of Al Ansari Financial Services PJSC has received
the initial approval of a store value facilities and retail payment service provider licence
from the Central Bank of the UAE.
Aligned with the government’s ‘cashless society’ initiative and in support of the ‘financial
inclusion’ agenda, Al Ansari Digital Pay is set to introduce its digital wallet. Envisioned
as the first of its kind, the digital wallet is slated for launch in Q2 of 2024. This platform
https://www.khaleejtimes.com/business/uae-al-ansari-digital-pay-receives-regulatory-in-principle-
approval-to-launch-digital-wallet