Altery MENA Secures Prestigious DFSA License in Dubai DIFC
Altery MENA, a corporate payment services provider, has successfully obtained a Financial Services Permission (FSP) from the Dubai Financial Services Authority (DFSA), allowing it to operate within the Dubai International Financial Centre (DIFC). This license enables Altery MENA to offer its comprehensive payment solutions to businesses across the MENA region directly from a regulated UAE hub.
Key Details
Altery MENA has been granted a Financial Services Permission (FSP) by the Dubai Financial Services Authority (DFSA). This license falls under the category of Providing Money Services. Operating out of the Dubai International Financial Centre (DIFC), a leading global financial hub, Altery MENA is now fully regulated to offer its services to corporate clients.
Services Offered
With the newly acquired DFSA license, Altery MENA is positioned to provide a suite of services designed to meet the complex international payment needs of businesses in the region. These services include:
Setting up and managing multi-currency accounts
Facilitating cross-border payments
Issuing virtual cards for online transactions and expense management
Handling local collections and disbursements
These services aim to simplify global transactions, offering businesses greater control and efficiency over their finances.
Implications for MENA Businesses
The DFSA license is a significant development for Altery MENA and offers considerable benefits to businesses operating in the MENA region. Obtaining a license from a reputable regulator like the DFSA instills confidence and trust among clients. It also means Altery MENA can operate officially from the DIFC, a strategic location that serves as a gateway to the Middle East, Africa, and South Asia markets. This allows Altery MENA to scale its operations and offer secure, compliant, and competitive payment solutions directly to companies looking to manage international finances more effectively.
About Altery MENA
Altery MENA is a corporate payment services provider focused on serving businesses in the Middle East and North Africa region. The company specializes in providing tools and services that enable companies to manage multi-currency transactions, cross-border payments, and other essential financial operations with speed and security. Anton Gorodetsky is mentioned as the CEO and Co-founder, leading the company's efforts to establish a regulated and robust payment platform in the region.
Looking Ahead
Securing the DFSA license is a foundational step for Altery MENA's growth and expansion plans in the MENA region. Operating within the stringent regulatory framework of the DFSA positions the company as a credible and secure partner for corporate payments. This development is expected to contribute to the evolving fintech ecosystem in the UAE and wider MENA region by providing businesses with more regulated options for managing their global financial operations.
Source: Fintech News Middle East