Israeli fintech company Rapyd on road to be regulated in the UAE

Israeli FinTech company Rapyd, a global FinTech-as-a-Service company, announced on Wednesday a major milestone in the company’s history by opening its doors to its new Dubai office as it seeks to become the first Israeli company to be regulated in the United Arab Emirates (UAE).

Rapyd has been registered at Dubai International Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region. Additionally, Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from the DIFC, has granted an in-principle approval (IPA) to Rapyd under its money services regime.

Rapyd expects to be fully authorized to conduct financial services once it fulfils the DFSA’s in-principle requirements.

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Source: Israeli fintech company Rapyd on road to be regulated in the UAE | Al Arabiya English