Strategic Milestone Marks Entry into Middle Eastern Market
Global payment solution leader MultiPass has obtained a key financial services licence in the UAE, regulated by Dubai Financial Services Authority (DFSA). This will be one more footprint in MultiPass’ strategic expansion into the Middle East and open up new opportunities for businesses trading globally.
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Enhanced Financial Services for Clients
The new licence allows MultiPass to provide access to local currencies and faster payout options for clients. The Dirham, the official UAE currency, is now usable for transactions completed in seconds. This offers, with respect, easy and streamlined financial operations for businesses because they are assured of managing their cross-border flow of payments effectively. Further to that, MultiPass’s multi-currency IBANs also offer flexible payment solutions globally while being coupled with competitive foreign exchange rates that ensure efficiency in the cost of transactions.
Strategic Importance of the UAE Market
The UAE is a strategic gateway to the Middle East, a region of economic power and diversity—among the key sectors are financial, trading, tourism, and real estate. Its stable regulatory environment and the fast pace of innovation provide the best possible setting for international businesses. This licence will establish MultiPass as one of the strongest players in this booming market and will soon be able to offer pioneering financial services, taking advantage of new business opportunities.
Personalised Client Service
Being privy to the various needs that characterise an overseas business, MultiPass prioritises its customers. There will be an assigned relationship manager for every client and customer support combined with strategic guidance. This strong service-centric approach is in line with the broader vision that MultiPass has pertaining to leading the delivery of financial solutions in meaningful ways for clients.
CEO’s Vision for Growth
Rami Chedid, MultiPass Chief Executive Officer for the UAE and Middle East, underlined the importance of this growth: “The Middle East is a region with huge potential and innovation. This development falls completely within the frameworks of our vision: making great financial services and creating value for our clients—international businesses with frequent cross-border payment flows. We look forward to contributing to the dynamic economic landscape of the UAE and the Middle East.”
Commitment to Global Markets
This news demonstrates MultiPass’s commitment to improving the quality of financial services and enhancing the global presence. The strong economy and strategic location of the UAE fuel the growth of MultiPass in its endeavour to offer state-of-the-art financial solutions to a diverse clientele spread across the globe.
Licensing of financial services in the UAE is, therefore, a strategic step ahead for MultiPass to offer localised and efficient payment solutions while strengthening its role in the global financial ecosystem.
