The Central Bank of the UAE has approved Fuze, a financial infrastructure provider with headquarters in the Middle East, for an RPSCS license.

The firm is currently an officially licensed provider for digital assets infrastructure and a regulated payment services provider for the area through its payments infrastructure division after obtaining a Retail Payment Services and Card Schemes license.

Businesses will be able to take advantage of end-to-end compliance, reduced transaction times, and quicker and more secure payment choices thanks to the license. Fuze launches a payment stack with cutting-edge technology, improved user experience, and integrated compliance, all supported by a solid regulatory base.

By enhancing Fuze's digital payments, this action will help the AUE Digital Economy Strategy, which seeks to boost the digital economy's share of the UAE's GDP to 19.4% by 2032. In order to meet the demands of the MENA area, the firm is dedicated to updating its current digital asset infrastructure and creating an optimized infrastructure for future financing activities.

With these recent actions, Fuze is introducing a new payment platform that combines integrated compliance features, user-friendly design, and AI-driven technology. The company plans to use the new license to provide a range of payment products for marketplaces, fintechs, and companies.

The license represents a significant advancement in the company's objective to provide an AI-enabled and digital infrastructure that will sustain the region's financial and payment systems in the future. The company's goal is to keep providing a payment infrastructure that complies with regulations and is customized to meet the requirements and tastes of its clients.