PayBy: First to receive both the SVF and RPS licences from the UAE Central Bank
- PayBy, a leading fintech innovator recently acquired by Astra Tech in August 2022
- It has been licensed by the Central Bank of the UAE to conduct Stored Value Facility (SVF) and Retail Payment Services (RPS) operations
- The license represents one of the country’s highest levels of financial services approvals
- Customers and merchants will experience ultra-fast and secure services, such as international money transfers
- Honored to have secured the license from UAE’s Central Bank which marks a huge milestone achievement for both Astra Tech
- Always aligned with the UAE’s vision of creating a cashless ecosystem and are thankful to the Central Bank
