Firstpost · 22 Sep, 07:19 · Business briefing

PhonePe gets UAE central bank nod for two payment licences

PhonePe has secured regulatory approval from the UAE Central Bank for two distinct payment licences.

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The briefing

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in brief.

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PhonePe has secured regulatory approval from the UAE Central Bank for two distinct payment licences. This strategic move enables the Indian fintech giant to expand its operational footprint within the United Arab Emirates. The licences will facilitate broader payment services, strengthening PhonePe’s position in the regional financial technology landscape. This development highlights the growing integration between Indian digital payment platforms and Middle Eastern markets, signalling increased cross-border financial collaboration and regulatory alignment.

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Indicative index of skill mentions in professional job postings for the field this story moves (2019 = 1)

Your move

What this means
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This expansion signals a surge in demand for professionals skilled in cross-border regulatory compliance and fintech operations. You should focus on understanding international payment regulations and governance frameworks. Roles in risk management and legal compliance will become increasingly valuable as companies navigate complex jurisdictions. Consider upskilling in compliance and governance to stay ahead. Professionals in finance and technology should monitor these developments closely. A smart next step is to study regulatory technologies and international financial laws. This positions you for roles in expanding fintech firms seeking to enter new markets. Prioritise learning about payment systems and regulatory adherence to remain competitive in this evolving sector.

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