PhotonPay Secures DFSA Category 3D License, Marking Entry into the UAE Market

11 February 2026 | Wednesday | News

Regulatory approval strengthens PhotonPay’s compliance-first global strategy and accelerates expansion across the Middle East and wider MEASA region
Picture Courtesy | Public Domain

Picture Courtesy | Public Domain

 

PhotonPay, the next-generation global financial infrastructure, has been granted a Category 3D License by the Dubai Financial Services Authority (DFSA). This pivotal milestone represents the company's first license in the UAE, signaling a major expansion of its footprint across the MEASA region and solidifying its global compliance-first strategy.

The UAE represents a vital trade corridor for global commerce as one of the world's leading financial hubs with a diverse ecosystem of international enterprises. PhotonPay has engaged deeply with the market through attending the Dubai Fintech Summit, ongoing dialogues with leading financial institutions and ecosystem partners, and advancing a methodical path toward market entry.

 Lewison Chen, Founder & CEO of PhotonPay, said: "The UAE is one of the fastest-growing payment hubs and an essential corridor in global commerce. This license is a pivotal step towards our mission of scaling comprehensive global coverage and reflects our long-standing commitment to compliance. We are excited to enhance our proposition in the UAE, empowering businesses to operate globally with greater confidence and control."

This milestone highlights PhotonPay's ongoing commitment to aligning with rigorous global standards in compliance, security and AML, supported by AI-driven risk management. It also strengthens the company's ability to help enterprises pursue opportunities across the Middle East, with improved regional execution and partner connectivity.

"This is a practical step forward for our clients," said Aamir, Chairman of PhotonPay Dubai. "Securing the UAE Category 3D Licence enables us to better serve corporate and professional clients with improved access to local payment rails, UAE-aligned onboarding, local payout and settlement options, and corporate payment tools designed for cross-border operations—turning expansion plans into action."

Survey Box

Vote for the most influential trend in 2025:

What's Driving the Future of FinTech?v

× Please select an option to participate in the poll.
Processing...
× You have successfully cast your vote.
 {{ optionDetail.option }}  {{ optionDetail.percentage }}%
 {{ optionDetail.percentage }}% Complete
More polls
Stay Connected

Sign up to our free newsletter and get the latest news sent direct to your inbox

Fintech Business Asia, a business of FinTech Business Review
© 2026 FinTech Business Review. All Rights Reserved.

Show

Forgot your password?

Show

Show

Lost your password? Please enter your email address. You will receive a link to create a new password.

Back to log-in

Close