Beyon Money granted license to operate in UAE

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Beyon Money, part of the Beyon Group, has been awarded a Financial Services Permission (FSP) by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM).

The licence will enable Beyon Money to offer its range of Money Services and Third Party Services solutions to clients of financial institutions and FinTech’s.

Beyon Money CEO Roberto Mancone commented, “Having a Money Services and a Third Party Services licence in place enables us to develop our strategy for regional expansion with the aim of launching in the UAE market by the end of 2023.

We look forward to rolling out the Beyon Money suite of services, starting with Digital International Transfers and Personal Financial Management while working together with UAE Regulators to further expand our range of products and services, similar to those already offered successfully in Bahrain.”