Ripple has received approval from the Dubai Financial Services Authority (DFSA) to expand its services as a regulated provider of cross-border payment solutions in the UAE.
The DFSA license supports Ripple’s mission to combine regulatory compliance with advanced digital infrastructure, facilitating cost-effective, faster, and efficient cross-border payments.
Ripple will become the first blockchain-powered payment service provider to be licensed by the DFSA, positioning itself as a global leader in financial technology.
Ripple's expansion in the UAE market is driven by greater regulatory clarity, strategic position as a financial services and trade hub, and access to Middle East, South Asia, and Africa.