TransferWise targets Middle East expansion with new Abu Dhabi licence

Pedro Gonçalves
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TransferWise targets Middle East expansion with new Abu Dhabi licence

TransferWise, the global low-cost online money transfer service founded in the UK, is expanding to the Middle East after receiving a licence from the Abu Dhabi Global Market Financial Services Regulatory Authority to operate in the UAE. The platform, used by 6 million customers worldwide, expects to bring its first product to the Emirates next year, the company said.. The licence will allow users in the UAE to transfer funds in the local dirham currency, also referred to as AED, into accou...

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