Altery MENA secures DFSA license to launch local payment services in UAE

By Vriti Gothi

Altery, a FinTech company, has announced that its MENA subsidiary, Altery MENA, has been granted a regulatory license by the Dubai Financial Services Authority (DFSA).

The authorisation enables Altery MENA to facilitate the collection and disbursement of funds in local currencies, including AED and other GCC denominations, within the United Arab Emirates. The approval forms the foundation of Altery’s long-term commitment to building regionally compliant financial infrastructure across high-growth markets.

The UAE continues to solidify its reputation in digital payments and progressive financial regulation. Altery has identified the country as a strategic launchpad for its MENA operations, citing the market’s openness to innovation, high digital adoption rates, and strong regulatory governance as key enablers of sustainable fintech development.

While the current license excludes cryptocurrency-related activities and cross-border transfers, it establishes the regulatory basis for Altery to onboard users in the UAE and operationalise its core infrastructure. The company is working closely with the DFSA to implement the required compliance, technical, and operational frameworks ahead of its commercial launch.

The license aligns with Altery’s broader vision of creating trusted, customer-centric financial platforms in strategic jurisdictions. With a focus on regulatory alignment, operational resilience, and user experience, Altery is building a new class of digital infrastructure for emerging markets.

Looking ahead, Altery plans to expand its footprint across the GCC and MENA region, pursuing additional licenses and partnerships to support a comprehensive rollout. The company’s roadmap includes the introduction of modular financial solutions tailored to regional business and consumer needs, with an unwavering commitment to transparency, innovation, and trust.