OSON enters Dubai market with regulatory approval

By Parth Prabhudesai

OSON has obtained a regulatory license from the Dubai Financial Services Authority, allowing it to operate within the Dubai International Financial Centre as a regulated financial entity. The development marks a significant step in the company’s international expansion strategy, particularly across the Middle East, North Africa, and Gulf Cooperation Council (GCC) regions.

By establishing a presence in DIFC, the company aims to strengthen its ability to deliver digital financial services to businesses and consumers across multiple markets.

OSON views Dubai as a strategic gateway connecting Central Asia with GCC economies. The expansion is intended to support cross-border financial activities, including payments, remittances, and business transactions, while leveraging Dubai’s infrastructure and global connectivity.

Farkhod Makhmudov, Founder and Chief Executive Officer of OSON, said: “Securing the DFSA license is a critical step in the execution of our international strategy. By establishing this hub in Dubai, we are creating a direct and seamless financial bridge between the GCC and Central Asia.”

The company is currently finalising its operational setup in Dubai, including building a regional team, strengthening compliance and risk management frameworks, and forming partnerships with local and international organisations. It also plans to launch tailored products designed to meet the needs of businesses and individuals requiring secure and efficient cross-border financial services.

With over a decade of experience, OSON offers a multi-product ecosystem that includes digital wallets, B2B payment infrastructure, and consumer-focused financial services. Its expansion into the UAE is expected to support growing demand for reliable fintech solutions and enhance financial connectivity between Central Asia and the GCC.