Abu Dhabi, UAE – Yella Financial Solutions announced that it has obtained initial approval from the Central Bank of the United Arab Emirates to license the provision of Class II retail payment services, in accordance with the Retail Payment Services and Card Systems System issued by the Central Bank of the United Arab Emirates.
The company stated that obtaining initial approval represents an important strategic milestone in its regional expansion process, and confirms its commitment to providing secure payment solutions that are compatible with regulatory frameworks, which supports the UAE’s vision of consolidating its position as a global center for digital finance and financial innovation.
She explained that once the final license is obtained, Yella will be able to enhance its capabilities in the field of payment services within the UAE.
