Egypt’s Paymob Secures UAE Retail Payment License to Expand Services

TLDR

• Egyptian fintech Paymob has received a Retail Payment Services License from the Central Bank of the UAE (CBUAE)
• That allows it to offer merchant acquisition, payment aggregation, and domestic fund transfers
• Founded in 2015, Paymob provides mobile wallet and digital payment solutions to over 390,000 merchants across MENA and Pakistan

Egyptian fintech Paymob has received a Retail Payment Services License from the Central Bank of the UAE (CBUAE), allowing it to offer merchant acquisition,…