PhotonPay granted DFSA Category 3D licence to expand UAE payment network

Core Insights - PhotonPay has received a Category 3D Licence from the Dubai Financial Services Authority (DFSA), marking its first licence in the UAE, which is crucial for its global expansion strategy [1][4] - The company aims to enhance its services in the UAE, allowing businesses to operate globally with improved confidence and control, indicating a significant expansion in the MEASA region [2][3] - The licence will enable PhotonPay to better serve corporate clients by providing access to local payment systems, onboarding aligned with UAE regulations, and tools for cross-border payments [4] Company Expansion - The approval of the Category 3D Licence is a pivotal step for PhotonPay in scaling its global coverage and reflects its commitment to compliance [1][2] - PhotonPay currently operates 11 offices worldwide and is focused on deepening its presence in key markets through technology that enhances compliance and operational efficiency [4] Technological Integration - PhotonPay has joined Circle's Arc public testnet to advance global payment innovation, which is designed to integrate real-world economic activities on a blockchain platform [5]