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Licencing regime introduced for UAE's retail payments service providers

Licencing regime introduced for UAE's retail payments service providers
gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.

United Arab Emirates , Khaled Mohamed Balama , Courtesy Central Bank , Central Bank , Retail Payment Services , Stock Central Bank , Card Schemes , Image Credit , Card Schemes Regulation , Official Gazette , Stored Value Facilities Regulation , Stored Value Facilities , Large Value Payment Systems Regulation , Retail Payment Systems Regulation , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஹேலிட் மொஹாமெட் பாலாமா , மைய வங்கி , சில்லறை கட்டணம் சேவைகள் , அட்டை திட்டங்கள் , படம் கடன் , அதிகாரி கஸெட் , சேமிக்கப்பட்டது மதிப்பு வசதிகள் ,

CBUAE issues new regulation for retail digital payments

CBUAE issues new regulation for retail digital payments
gulftoday.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulftoday.ae Daily Mail and Mail on Sunday newspapers.

United Arab Emirates , Abu Dhabi , Abuz Aby , Khaled Mohamed Balama , Sultan Al Olama , Dubai Blockchain Centre , Central Bank , Youth Council , Retail Payment Services , Dubai International Financial Centre , Card Schemes Regulation , Mohamed Balama , Official Gazette , Stored Value Facilities Regulation , Stored Value Facilities , Large Value Payment Systems Regulation , Retail Payment Systems Regulation , Omar Bin Sultan Al Olama , Artificial Intelligence , Digital Economy , Teleworking Applications , Youth Dialogue , Abu Dhabi Global Market , Dubai Blockchain , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஹேலிட் மொஹாமெட் பாலாமா ,

Airwallex scores Hong Kong SVF licence through acquisition of UniCard

Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Airwallex scores Hong Kong SVF licence through acquisition of UniCard
04 March 2021
2
Melbourne-born Airwallex has acquired Hong Kong s UniCard Solutions, joining the likes of PayPal, AliPay and WeChat as a Stored Value Facilities (SVF) licensee under the territory s payment regulations.
The Hong Kong Monetary Authority granted its first SVF licences in 2015 as a means to to promote competition and innovation in the payment sector. To date it has accumulated a list of 15 licensees.
Airwallex says it will continue to support UniCard s prepaid card product, while also providing Hong Kong businesses with new payment products for multi-currency, cross-border transactions. The firm says it intends to provide a one-stop shop for payments, collectio ....

Hong Kong , Jack Zhang , Hong Kong Unicard Solutions , Hong Kong Monetary Authority , Melbourne Born Airwallex , Unicard Solutions , Stored Value Facilities , Block Chain , ஹாங் காங் , பலா ஜாங் , ஹாங் காங் பண அதிகாரம் , சேமிக்கப்பட்டது மதிப்பு வசதிகள் , தலைப்புச் செய்திகள் , தொகுதி சங்கிலி ,

China Digest: Airwallex buys UniCard; Sequoia invests in Houmo.ai

China Digest: Airwallex buys UniCard; Sequoia invests in Houmo.ai
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

Hong Kong , Qiang Wu , Legend Holding , Alipay Financial Services , Ant Group , Princeton University , Hong Kong Monetary Authority , Hong Unicard Solution , Hong Kong Incorporated Unicard Solution Limited , Stored Value Facilities , Sequoia Capital China , Wechat Pay , Payment Systems , Stored Value Facilities Ordinance , Financial Services , Hillhouse Capital , Partners China , Lenovo Capital , Hony Capital , ஹாங் காங் , கியாங் வு , புராண வைத்திருத்தல் , எறும்பு குழு , ப்ரிந்ஸ்டந் பல்கலைக்கழகம் , ஹாங் காங் பண அதிகாரம் , சேமிக்கப்பட்டது மதிப்பு வசதிகள் ,

UAE: new regulations for stored value facilities and cryptoassets

UAE: new regulations for stored value facilities and cryptoassets
Out-Law News | 14 Dec 2020 | 10:12 am |
3 min. read
Stored Value Facilities (SVFs)
The UAE Central Bank’s SVF Regulation (85 page / 1.9MB PDF), released in early November 2020, repeals and replaces the 2016 Regulatory Framework for Stored Values and Electronic Payment Systems (SVF Regulations). The new SVF Regulations substantially tighten up the existing regime and aim to ensure that all SVFs which are issued and operated in the UAE do so in a secure, sound and efficient manner.
Issuing and operating SVF in the UAE requires a prior license from the UAE Central Bank (CB) unless a firm is operating a single-purpose SVF. An example of a single-purpose SVF is a prepaid telephone card, which can only be used to pay for telephone services provided by the issuer. Marie Chowdhry, of Pinsent Masons, the law firm behind Out-Law, said: All other exclusions have been omitted from the regul ....

United Arab Emirates , Abu Dhabi , Abuz Aby , Marie Chowdhry , Commodities Authority , Central Bank , Dubai International Financial Centre , Stored Value Facilities , Stored Values , Electronic Payment Systems , Pinsent Masons , Abu Dhabi Global Market , Offering Crypto Assets Regulation , ஒன்றுபட்டது அரபு அமீரகங்கள் , மேரி ச Ow த்ரி , பொருட்கள் அதிகாரம் , மைய வங்கி , துபாய் சர்வதேச நிதி மையம் , சேமிக்கப்பட்டது மதிப்பு வசதிகள் , சேமிக்கப்பட்டது மதிப்புகள் , மின்னணு கட்டணம் அமைப்புகள் , பின்சென்ட் மேசன்கள் , பிரசாதம் கிரிப்டோ சொத்துக்கள் ஒழுங்குமுறை ,