Emirates Integrated Telecommunications Company (EITC) has recently announced that it has been granted licenses by the Central Bank of the UAE to offer new digital financial services. This significant development places EITC at the forefront of the evolving fintech landscape in the region, in line with the UAE’s dedication to promoting innovation, competition, and financial inclusion to advance towards a cashless society.
With these licenses, EITC can now introduce innovative financial solutions that will contribute to the advancement of a modern and future-ready financial ecosystem across the UAE. This will allow du to offer a wide range of digital financial services that cater to the changing needs and preferences of customers in the digital age.
Fahad Al Hassawi, CEO of EITC, expressed his excitement about the licenses, highlighting the UAE’s commitment to fostering fintech innovation collaboration. He believes that EITC’s venture into digital financial services will enhance the financial landscape of the UAE by providing customer-centric solutions that contribute to growth and development.
EITC aims to empower individuals and businesses by offering convenient, secure, and efficient financial solutions that simplify transactions and meet varying needs. This move into digital financial services falls in line with the UAE’s efforts to promote financial technology and maintain its position as a leader in global fintech innovation.
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