XTransfer Wins UAE Central Bank Nod for Payment Licence
Dubai, UAE – September 07, 2026 -- XTransfer has secured in-principle approval for a Retail Payment Services Licence from the Central Bank of the UAE, a move that will let the B2B cross-border payment platform serve mainland UAE clients once pre-issuance conditions are met.
Regulator clears path for mainland UAE trade payments
The licence extends XTransfer's regulated payment services into the UAE, positioning the company to support businesses engaged in international trade with compliant, secure cross-border transaction tools once formal issuance is complete.
UAE approval anchors China-Middle East-Africa trade corridor
The UAE serves as a major regional trade and re-export hub connecting Chinese commerce with Africa and other emerging markets. XTransfer said the licence strengthens its capacity to support trade flows between China, the Middle East and Africa with more accessible cross-border payment infrastructure.