2024-03-18 09:50:33
Emirates Integrated Telecommunications Company announced that it has obtained a license from the Central Bank of the Emirates to provide new digital financial services to customers in the UAE.
This step constitutes an important shift in the company’s path, to pioneer the evolving landscape of digital financial services in the region, and to support the UAE’s commitment to promoting innovation and competition, and achieving financial inclusion by enabling individuals and companies to access useful financial products and services that meet their needs to reach a cashless society.
By obtaining the necessary license from the UAE Central Bank, the company will be able to provide innovative financial solutions and services that will contribute to the development of an advanced and sophisticated financial services system that keeps pace with the requirements of the future and meets the needs of the UAE’s population in the era of the digital economy.
Fahd Al-Hassawi, CEO of Emirates Integrated Telecommunications Company, said: “Obtaining the license from the UAE Central Bank reflects our commitment to supporting the vision of the UAE government and its efforts aimed at providing an enabling environment that enhances aspects of cooperation and contributes to advancing innovation in the field of digital financial services. We are confident that our entry into this field will enhance the path of transformation and progress witnessed by the thriving financial services system in the UAE by providing financial services and solutions that focus on customers’ requirements and help them in their daily lives and affairs.”
Through obtaining the new license, the objectives of the Emirates Integrated Telecommunications Company are to enable individuals and companies to keep pace with the requirements of the digital future, by providing them with safe and effective solutions that meet their diverse needs and help them complete their financial transactions comfortably and smoothly. These goals are essentially consistent with the ongoing initiatives launched by the UAE government to enhance the quality of life of the country’s population and develop the digital financial services system, ensuring that the UAE remains at the forefront of global innovations in this field, which constitutes one of the main pillars of the digital economy.
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