Payments gateway provider Telr has received a retail payment services licence (RPS) from the Central Bank of the UAE.
This follows an approval process, ensuring that Telr met all the regulatory conditions and requirements.
The RPS licence will enhance Telr’s capabilities in merchant acquiring and payment aggregation across the UAE.
The company, which facilitates digital commerce across the UAE, Saudi Arabia, Bahrain, and Jordan, offers a range of payment solutions including payments, e-wallet integrations, buy now pay later (BNPL) options, financing, and split payments for marketplaces.
As a PCI-certified payment gateway, Telr offers payment acceptance across various platforms including web, mobile, and social media.
With the new license, Telr aims to widen compliant offerings, digital payments solutions to merchants in the UAE.
Telr founder and CEO Khalil Alami said: We are honoured by the Central Bank of the UAE’s trust and recognition. This achievement cements our role as a pioneer in digital payments, fueling our drive for innovation and empowering businesses to thrive in an increasingly cashless economy.”
In January this year, Telr partnered with Apaya, aiming to accelerate digital commerce in the Middle East and North Africa (MENA) region.
This collaboration integrates Telr’s payment solutions with Apaya’s no-code commerce automation platform.
Through Telr’s single integration service, merchants gain access to a range of payment methods such as Visa, Mastercard, American Express, UnionPay, JCB, and various mobile payment services including Apple Pay, PayPal, Samsung Pay, SADAD, Mada, STC Pay, and urpay.
Set up in 2014, Telr supports transactions in over 120 currencies.
