Ant International Partners with Abu Dhabi Investment Office, Gets UAE Central Bank Approval to Boost Digital Services
Ant International has signed a deal (MoU) with the Abu Dhabi Investment Office (ADIO) and received initial approval from the UAE Central Bank (CBUAE) to expand its business in the country, the company announced on Monday.
Expansion in the UAE
The agreement aims to help local businesses use advanced digital tools, improve access to financial services, and strengthen connections between the UAE and other countries.
“This partnership is a key step in our mission to help local businesses, especially small and medium-sized enterprises (SMEs), and connect them with new opportunities around the world,” said Peng Yang, CEO of Ant International.
The Singapore-based company received In-Principle Approval (IPA) from the central bank for two types of licenses:
-
Stored Value Facilities (SVF)
-
Retail Payment Services and Card Schemes (RPSCS)
This approval is the first step before getting full licenses, which will allow Ant International to offer services like payment processing for merchants, payment aggregation, e-wallets, and both local and international money transfers.
The company said these moves support the UAE Central Bank’s plan for digital transformation and will help grow the country’s fintech sector.
New Fintech Project in Türkiye
Last month, Ant International, Abu Dhabi’s ADQ, and Baykar signed an MoU with Turkish e-commerce giant Trendyol Group to start a new fintech platform in Türkiye.
The platform will offer services such as payments, loans for individuals and SMEs, deposits, investments, and insurance. It will mainly target individuals and small businesses, especially Trendyol’s large seller network, and will use locally developed AI and digital finance tools to improve access to financial services.
Published: 12th August 2025
For more article like this please follow our social media Facebook, Linkedin & Instagram
Also Read:
Egypt’s Annual Inflation Drops to 13.1% in July as Food Prices Fall
Jordan to Host Meeting with US and Syria on Rebuilding Efforts
Syria Signs $14 Billion Investment Deals to Rebuild After War
