First Israeli financial services company set to be regulated in UAE

Mark Battersby
clock • 3 min read

Rapyd has become the first Israeli money services company to receive an in principle approval for a financial license from the DIFC regulator, Dubai Financial Services Authority (DFSA), paving the way for other businesses to move into the UAE.  A global FinTech-as-a-Service company, Rapyd officially opened the doors to its office located in the Dubai International Financial Centre on 11 May 11 this year, the DIFC said in a statement on 8 June.  The DFSA has already granted an In-Principle Approval (IPA) to Rapyd under its money services regime.  Rapyd said it expects to be fully au...

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