MBME Pay, a wholly owned subsidiary of MBME Group PJSC, has officially received a Payment Service Provider license from the Central Bank of the UAE (CBUAE). The approval allows the Abu Dhabi-based company to conduct Merchant Acquiring and Payment Aggregation activities, placing it among a select group of regulated payment providers in the country.
Quick Facts
- Received Category 3 PSP license from CBUAE.
- Authorized for Merchant Acquiring and Payment Aggregation.
- Serves over 3.2 million customers nationwide.
- Operates more than 4,000 smart touchpoints.
A Milestone for UAE’s Cashless Economy
The license from the CBUAE marks a significant regulatory approval for MBME Pay, validating its infrastructure and compliance framework. The move positions the company to play a larger role in the UAE’s transition towards a fully digital economy.
“This is more than a regulatory milestone – it is a strong vote of confidence in our vision and capabilities,” said Abdelhadi Mohamed, Managing Director and Group CEO at MBME Group. “With the Central Bank’s license, MBME Pay is uniquely positioned to accelerate the shift to a cashless economy in the UAE and across the MENA region, while setting new benchmarks for reliability, security, and customer experience in digital payments.”
Unlocking End-to-End Payment Solutions
With the new license, MBME Pay is now fully authorized to provide end-to-end merchant acquiring solutions, from onboarding and integration to risk controls and final settlement. The company can also operate as a licensed payment aggregator across multiple channels, offering a single, trusted partner for businesses, SMEs, and government entities to manage their payment processes within a regulated framework.
This enables the company to deliver secure and scalable transaction processing for high-volume businesses and support the government’s ongoing digitization of services and collections.
Strengthening the MBME Group Ecosystem
As part of the publicly listed MBME Group, MBME Pay serves as the core of a broader technology ecosystem connecting consumers, merchants, and institutions. The CBUAE license strengthens its capacity to integrate payment technologies, APIs, and financial services into a unified offering.
The approval also enhances MBME Pay’s ability to expand its strategic partnerships with financial institutions and technology providers, further broadening its suite of services for merchants and partners across e-commerce, retail, and government channels.
About MBME Pay
MBME Pay, a subsidiary of MBME Group, is a major technology service provider in the UAE. It connects consumers to government, semi-government, and private sector services through a unified API platform. The company offers a comprehensive suite of smart services and payment solutions, including smart kiosks, POS systems, and payment gateways. With over 770 proprietary APIs and more than 4,000 smart touchpoints, MBME Pay serves more than 3.2 million customers.
Source: Zawya
