Checkout.com gains acquiring license from the UAE Central Bank

By Leandra Monteiro

Checkout.com, a global payments service provider, has been granted a Retail Payment Services license from the Central Bank of the United Arab Emirates.

Securing an acquiring license allows Checkout.com to unlock its full proposition for merchants in the UAE. This means offering merchant-acquiring solutions, payment aggregation services and cross-border fund transfers. Fundamentally, with direct acquiring Checkout.com now has more control over processing outcomes and can drive payment acceptance performance for its merchants.

“Our thanks to the Central Bank of the UAE for their approval. The issuance of this license shows the level of trust, commitment and strength of the relationship we continue to have in serving both domestic and international brands to expand in the UAE. We’re proud of the small part we’ve played to increase the trust in digital payments and allow businesses in the digital economy to thrive,” said Guillaume Pousaz, CEO and Founder of Checkout.com.

“We’ve continued to invest in our operations in the UAE to serve several hundred merchants such as Cafu, Talabat, Careem and OSN in the country as we fundamentally believe in the potential of growth in the digital economy here. It’s why we’re scaling our operations here in the UAE and opened a new office in Media City to house our growing team of close to 100 dedicated local experts,” said Remo Giovanni Abbondandolo, General Manager in MENA for Checkout.com. “Our license enables us to offer superior payment performance for our merchants by having more control over processing outcomes through our powerful platform.”