CBUAE Grants MBME Pay Coveted Payment Service Provider License
MBME·ADX·General Disclosure | General Press Release·April 10, 2026·View on exchange
AI Summary
MBME Pay, a wholly owned subsidiary of MBME Group PJSC, has been granted a Category 3 Payment Service Provider license by the Central Bank of the UAE (CBUAE).
The license authorizes the company to conduct merchant acquiring and payment aggregation activities across various channels, including end-to-end solutions from onboarding to settlement.
This regulatory milestone allows MBME Pay to provide secure transaction processing for high-volume businesses, SMEs, and government entities to support the UAE's digital economy transition.