ZAWYA-PRESSR: PhotonPay secures new license by DFSA to expand global payment network in UAE

HONG KONG/PRNewswire/ — PhotonPay, the next-generation global financial infrastructure, has been granted a Category 3D License by the Dubai Financial Services Authority (DFSA). This pivotal milestone represents the company's first license in the UAE, signaling a major expansion of its footprint across the MEASA region and solidifying its global compliance-first strategy.The UAE represents a vital trade corridor for global commerce as one of the world's leading financial hubs with a diverse ecosystem of international enterprises. PhotonPay has engaged deeply with the market through attending the Dubai Fintech Summit, ongoing dialogues with leading financial institutions and ecosystem partners, and advancing a methodical path toward market entry.Lewison Chen, Founder & CEO of PhotonPay, said: "The UAE is one of the fastest-growing payment hubs and an essential corridor in global commerce. This license is a pivotal step towards our mission of scaling comprehensive global coverage and reflects our long-standing commitment to compliance. We are excited to enhance our proposition in the UAE, empowering businesses to operate globally with greater confidence and control."This milestone highlights PhotonPay's ongoing commitment to aligning with rigorous global standards in compliance, security and AML, supported by AI-driven risk management. It also strengthens the company's ability to help enterprises pursue opportunities across the Middle East, with improved regional execution and partner connectivity."This is a practical step forward for our clients," said Aamir, Chairman of PhotonPay Dubai. "Securing the UAE Category 3D Licence enables us to better serve corporate and professional clients with improved access to local payment rails, UAE-aligned onboarding, local payout and settlement options, and corporate payment tools designed for cross-border operations—turning expansion plans into action."With 11 offices worldwide, PhotonPay continues to strengthen its on-the-ground presence in key markets, supported by advanced technologies that enhance compliance, risk management and operational efficiency across its global payment infrastructure.SOURCE PhotonPayCONTACT: Zoey Jiao, zoey.jiao@photonpay.comSend us your press releases to pressrelease.zawya@lseg.comDisclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.