XTransfer announces it has secured in-principle approval from the Central Bank of the UAE for a Retail Payment Services Licence. The company says the decision marks a milestone in expanding its regulatory authorization to provide retail payment services.
XTransfer frames the move as supporting trade connectivity, particularly across the Middle East and Africa, and positions the licence as part of its broader cross-border payments business. Both sources report the same core development: in-principle approval, not final licensing, from the UAE central bank.
The coverage largely mirrors the company’s press release messaging. PR Newswire and Financial Post both focus on the approval and its significance for the firm’s expansion plans, without providing additional details such as timelines for final approval, the scope of services covered, or specific conditions attached to the in-principle decision.
