Dubai, UAE — Emirates Integrated Telecommunications Company (EITC), Monday announced that it has received licenses from the Central Bank of the UAE (CBUAE) to offer new digital financial services.
The licenses granted by CBUAE enable EITC, also known as du, to introduce innovative financial solutions that will contribute to the development of an advanced, modern, future-ready financial ecosystem across the UAE, the company said.
The licenses will enable du to offer a range of digital financial services that align with the evolving needs and preferences of customers in the digital era.
Fahad Al Hassawi, CEO of EITC, said, “The awarding of these licences underscores the UAE’s commitment to creating an environment that nurtures fintech innovation collaboration. We believe that EITC’s entry into digital financial services space will further enhance the financial landscape of the UAE through customer-centric solutions that will contribute to its growth and development.”
EITC said its foray into digital financial services aligns with the UAE’s ongoing initiatives to promote financial technology and ensure the country remains at the forefront of global fintech innovation.
