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This marks a significant milestone for Ziina, enabling it to rapidly expand its range of specialized financial services and reinforcing its position as one of the only privately-owned fintech in the UAE with such authorization.
Faisal Toukan, CEO and Co-Founder of Ziina, emphasised the importance of the license: “Securing this license is a monumental step for us, reinforcing our commitment to the highest standards of compliance and security. The UAE’s Central Bank has outlined a bold vision for financial technology, and we are thrilled to work closely with their team to support this vision. This regulatory approval allows us to expand our services further, strengthening our role as a dedicated financial partner for SMEs—the true backbone of the UAE’s economy—by offering them a fast and secure way to send, receive, and grow their money.”
