Financial app Beyon Money granted Licence to operate in the UAE
By Delisha Fernandes
Beyon Money, part of the Beyon Group, has received a Financial Services Permission (FSP) by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). The licence will enable Beyon Money to offer its range of Money Services and Third Party Services solutions to clients of financial institutions and FinTech’s.
Roberto Mancone, CEO Beyon Money said, “We would like to thank his excellency Ahmed Jasim Al Zaabi, Chairman of ADGM, and the Financial Services Regulatory Authority for the granting of the Financial Services Permission. Beyon Money’s adherence to ethical and transparent financial practices in accordance with the regulatory requirements of the FSRA, will give our customers confidence when using our services.”
”Having a Money Services and a Third Party Services licence in place enables us to develop our strategy for regional expansion with the aim of launching in the UAE market by the end of 2023. We look forward to rolling out the Beyon Money suite of services, starting with Digital International Transfers and Personal Financial Management while working together with UAE Regulators to further expand our range of products and services, similar to those already offered successfully in Bahrain.”
The financial super app offers customers access to a suite of financial services and offerings, from prepaid cards with worldwide acceptance and unparalleled benefits, to global remittance services at the most competitive rates and secure modes of delivery. With its Flexi Invest offering Beyon Money customers earn profits on their cash balances with no limit restrictions.
IBSi Daily News Analysis
November 28, 2023
A $4 trillion Islamic banking market to be driven by FinTech, study showsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage