News

April 5, 2024

Telr gets in-principle approval from CBUAE

Telr is excited to announce that UAE-based online payment gateway Telr has received in-principle approval for the Retail Payment Services & Card Schemes License from the Central Bank of UAE (CBUAE).

This significant milestone marks a pivotal moment in Telr’s journey to enhance the digital payment landscape in the UAE, underscoring its commitment to innovation in the MENA region. With this approval, Telr is well-positioned to accelerate growth and continue providing businesses and consumers with innovative, tailored payment solutions across the UAE.

Officials from Telr expressed their happiness in achieving this historic milestone. They emphasized that this achievement not only reflects Telr's dedication but also highlights the dynamic and innovative spirit of the UAE's fintech landscape. They extend their gratitude to the UAE Central Bank for their trust and reaffirm their commitment to pioneering digital payment solutions that empower businesses and foster economic growth throughout the region.