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PingPong Secures In-Principle Approval for UAE Payment License
2 week ago /
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Author：小编
The global payment platform PingPong, having recently acquired the Malaysian MSB license in late May, has now received in-principle approval from the Central Bank of the United Arab Emirates (UAE) on June 4th. This milestone makes PingPong the first Chinese third-party payment institution to hold a UAE payment license. Upon the license's official issuance, PingPong will capitalize on its pioneering position to swiftly expand its footprint in the UAE market. By offering services such as account opening, local remittances, and cross-border transfers, PingPong aims to streamline operations for enterprises seeking to efficiently navigate and explore the Middle Eastern market.
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