UAE Fintech Fuze Secures RPSCS Licence, Boosting Digital Payment Innovation

Editorial Team

Last updated 22-04-2025

3 min

Fuze received a Retail Payment Services and Card Schemes licence from the UAE Central Bank.

This licence boosts Fuze's capabilities in digital and AI-enhanced payment solutions.

The move aligns with the UAE's strategy to increase the digital economy's GDP contribution.

Fuze aims to be a leader in offering flexible, user-friendly, and compliant payment services.

Despite its recent founding, Fuze is recognized as a 'Future 100' company in the region.

It looks like financial tech innovation in the UAE has just ramped up another notch—the rapidly growing Fuze has landed a coveted Retail Payment Services and Card Schemes (RPSCS) licence from the Central Bank of the UAE (CBUAE). Through its subsidiary, Niobe Payment Services LLC SPC, Fuze now officially stands as a regulated operator in both digital assets infrastructure and payment services within the region. Pretty big news, honestly.

Fuze's CEO and co-founder, Mohammed Ali Yusuf—known to many simply as Mo Ali Yusuf—has described this development as a significant turning point. “This licence is the launchpad for the next generation of payments,” he commented, highlighting Fuze's role in ushering in digitally advanced and AI-enhanced payment solutions. "It marks a key step in our mission to provide digital and AI-enabled infrastructure that'll shape how the future of finance takes form, including novel solutions such as virtual IBANs," he added.

Such innovation could speed things up considerably for businesses. Fuze promises that transaction times will drop, compliance hurdles will be more smoothly navigated, and the whole payments experience will become streamlined and user-friendly. It’s a move perfectly in sync with the broader UAE Digital Economy Strategy—a governmental ambition that aims to double the digital economy's contribution to the country's GDP to about 19.4% by 2032.

Positioned as a payment stack that ticks all the boxes—AI-driven functionality, slick user experience, flexible options and rigorous compliance—Fuze is clearly setting its sights on becoming a frontrunner. Businesses can essentially cherry pick whatever service levels best suit their needs—not a bad setup, especially when dealing with tight margins or navigating complex cross-border payments.

Despite having started its journey only in 2023, Fuze has already snagged recognition as a 'Future 100' company, swiftly establishing itself as a trusted name throughout the MENA region, Turkey and South Asia. Banks, fintech startups and financial institutions grappling with crypto integration or digital payment infrastructure challenges have increasingly turned to Fuze for robust yet scalable solutions.

With this new licence ticking away merrily in thier back pocket, Fuze’s ambition of transforming financial infrastructure across the region feels like it just kicked into a higher gear. It'll be interesting to watch how this develops, and no doubt readers of Arageek will keep a keen eye out for their next moves.

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