The platform “E & Money” has announced that it has received a “Finance Company” license from the Central Bank of the UAE. Over the past few years, “E & Money” has played a significant role in transforming the ways individuals can make payments and send or receive money.
More than 2 million customers rely on the platform for daily transactions, international transfers, and card spending. With this new license, “E & Money” is expanding beyond payment services to include lending, thereby opening new avenues for individuals to access the financial services they require.
The CEO of “E & Life” and “E & International,” Khalifa Al Shamsi, expressed that the UAE boasts a sophisticated digital economy, enabling the company to offer an expanded range of credit and lending services for everyone.
Moreover, “E & Money” is rethinking how credit is assessed and provided through advanced data analysis and technology capabilities, allowing individuals to benefit from financial services tailored to their specific needs.