OSON Targets MENA Expansion with New Multi-Currency Wallet from Dubai Hub

OSON has been quietly stepping up its game in the fintech world, and its latest move shows just how ambitious its regional plans have become. The company, which already spans Central Asia and the UAE, has finished building a new digital architecture designed to support a multi‑currency wallet for the MENA region. Considering it processed more than 30 million transactions in just the first nine months of 2025, it seems the timing couldn’t be more spot on.

What caught my attention, especially from the perspective of someone who often meets founders through Arageek’s community events, is how OSON is shifting from older, clunky systems to something far more flexible. They’ve built a modular, API‑driven platform—essentially the backbone that enables cross‑border payments, regulatory compliance and other tricky bits that usually turn into a bit of a faff for fintech startups trying to scale across different markets.

A major piece of their expansion puzzle is the new global headquarters at the Dubai International Financial Centre. Being in the DIFC puts OSON within arm’s reach of regulators, banks and potential partners across the GCC. The company has already secured In‑Principle Approval from the DFSA and is working through the steps to full authorisation. I reckon this will give it the kind of regional credibility that startups from outside the GCC often struggle to earn. And believe it or not, the Dubai hub is also expected to act as a bridge between Central Asia and the Middle East, helping streamline cross‑border financial flows.

Their development model is pretty spread out too. OSON keeps a single code base but distributes its R&D across several countries: mobile wallet work in Kazakhstan, heavy‑duty payment processing in Uzbekistan, GCC‑focused regulatory tech in the UAE, and large‑scale testing in Kyrgyzstan and Tajikistan. It’s the kind of setup that sounds chaotic on paper, but when it works, it cuts down on build time and keeps localisation headaches to a minimum… well, mostly.

On the B2B side, the company is expanding its Payments‑as‑a‑Service platform. Through one unified API, banks and fintech players can tap into remittance gateways, digital service aggregation, identity verification and other embedded tools. For institutions juggling multiple emerging markets, the appeal is obvious: faster iterations, fewer moving parts, and no need to reinvent the wheel each time they launch in a new country.

Founder and CEO Farhod Makhmudov put it plainly in comments shared with the announcement. Rather than piling new features onto ageing systems, OSON aimed to build infrastructure “designed for scale.” Full ownership of its tech, he said, lets the company adapt quickly and handle cross‑border volumes more efficiently.

Looking into 2026, OSON plans to roll out its multi‑currency wallet in selected MENA markets. There’s also AI‑driven compliance automation in the works for the GCC, plus white‑label eSIM solutions aimed at banks and other financial institutions. The company is even preparing its systems for potential expansion into markets like the United States—no small step for a fintech born in Central Asia.

Since launching in 2016, OSON has grown to serve more than 2.8 million users and now runs a portfolio of technologies spanning digital payments, wallets, connectivity tools and B2B infrastructure. With Dubai leading its international push, it seems the company is gearing up for a rather bold next chapter, even if the road ahead won’t always be smooth sailing—startups rarely get that luxury, as I’ve learnt the hard way at more than one pitch night, where enthusiasm sometimes outruns reality. But here, the strategy feels solid, if not downright segur.

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