Telr Obtains Preliminary Approval for Payment Services License from the Central Bank of the UAE

Telr, a company specializing in electronic payment solutions, has obtained preliminary approval from the Central Bank of the United Arab Emirates for a retail payment services license and card systems. This development marks a significant milestone in Telr’s journey towards enhancing electronic payment services in the country, underscoring its commitment to innovation and leadership in the Middle East and North Africa region.

Thanks to this approval, Telr gains a competitive edge that enables it to accelerate its growth and introduce a wide array of new electronic payment solutions, specifically designed to support businesses. This step further reinforces Telr’s commitment to supporting the digital economy and stimulating economic growth in the region.

Khalil Alami, the founder and CEO of Telr, expressed profound gratitude for this achievement, describing it not only as a testament to the company’s efforts but also to the innovative and dynamic nature of the fintech sector in the UAE. He thanked the Central Bank of the UAE for its significant trust in Telr, affirming the company’s ongoing support for businesses towards success and enhancing the country’s position as a leading payment hub in the region.

Telr’s mission is to remove barriers to e-commerce by creating effective communication means, enabling digital transactions, and digitizing payment acceptance methods. With a long history of excellence, Telr offers a wide range of services to the e-commerce sector, including secure payment options and real-time transaction monitoring. The company recently added the Telr Split payment service, ensuring automated and secure settlements for payments due to suppliers, agents, and drivers in the UAE. It also launched the Telr Finance service to facilitate access to quick and flexible financing solutions for merchants, confirming its status as a reliable partner for businesses throughout the UAE.