Mercury gets in-principle approval for Retail Payment Services licence from UAE Central Bank

Dubai: Mercury Payments Services (Mercury), a rapidly growing regional payments infrastructure and services provider, is pleased to announce that it has received in-principle approval for the issuance of a Retail Payment Services licence from the Central Bank of the UAE, according to the company release.

Founded and incorporated in the UAE in 2016, Mercury has been expanding its product and services portfolio over the past three years since its acquisition by Unitey Digital and its consortium partners in 2021. This license further solidifies Mercury’s plans to become a key contributor to the development of the payments services ecosystem in the UAE.

Muzaffer Hamid, CEO of Mercury, said, "We are thrilled to have achieved this important milestone. It is a testament to our commitment to leveraging technology to promote financial well-being for all and reaffirms our dedication to our core values of driving sovereignty and financial inclusion. With this license, Mercury is well-positioned to accelerate its growth trajectory and play a pivotal role in shaping the future of payments in the UAE. I would like to express my sincere gratitude to the Central Bank of the UAE for their trust and confidence in Mercury.”

For more information, please visit Mercury Payments Services’ website: www.mercury-pay.com.