From Yahoo Finance: 2025-04-22 07:50:00

Fuze Group, through Niobe Payment Services, has obtained a retail payment services and card schemes license from the Central Bank of the UAE. This positions Fuze as a licensed operator for digital asset infrastructure and a regulated payment service provider in the region. CEO Mohammed Ali Yusuf sees this as a pivotal moment for the future of payments, with plans to offer cutting-edge AI-powered solutions like virtual IBANs. The company is gearing up to launch a payment platform integrating AI and compliance features tailored for modern enterprises, fintechs, and marketplaces. The platform will provide real-time digital payments, AI-driven compliance and fraud detection, virtual IBANs for payment collection, and merchant tools to support UAE businesses. Fuze, established in 2023, has forged partnerships with regulatory bodies and aims to help businesses tackle financial infrastructure challenges in the MENA region, Turkey, and South Asia.

Read more: Fuze gains retail payment services and card schemes licence in UAE