Fintech Paymob Granted Retail Payment Services License by Central Bank of the UAE 

Paymob, the financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after meeting all regulatory conditions and requirements through a “rigorous approval process.” The license reportedly authorizes Paymob to provide merchant acquiring, payment aggregation services, and domestic fund transfers within the United Arab Emirates. This milestone strengthens Paymob’s leadership in the UAE’s digital payments ecosystem, enabling the company to “provide merchants