INTELLIGENT MOBILE TECHNOLOGY
Amazon Payment granted Retail Payment license by UAE Central Bank
A mazon Payment Services , a regional vendor in digital payments operating across the Middle East and North Africa region , has been granted a Retail Payment Services license by the UAE Central Bank . Marking a significant milestone for the business , this license enables Amazon Payment Services to unlock an enhanced offering for its merchants across the country , through unique products and services , directly improving the experience for their customers .
Obtaining the license reinforces Amazon Payment Services ’ position as a trusted payment service provider in the UAE , where the company facilitates payment processing for hundreds of merchants including Small to Medium-sized Businesses , SMBs . This license enables Amazon Payment Services to invest in operational efficiency to deliver more streamlined payment processing and continues to support merchants of all sizes through its various hassle-free products and services .
SMBs in the UAE accepting , or considering , online payments are set to gain the most from the regulated payment processing solution by Amazon Payment Services , with a range of benefits enabling faster onboarding and lower cost of payments , which aims to support their growth and success through a secure and reliable platform .
Peter George , Managing Director for Amazon Payment Services in MENA , said : “ It is a privilege to have earned the trust of the UAE Central Bank and been granted this license which not only instils trust and security for merchants and customers alike , but also allows us to take our offering to the next level .
“ We look forward to continuing to work with key local stakeholders as we expand our offering and invest in our operations across the UAE , facilitating seamless , secure , and fast payments for merchants of all sizes and customers . At Amazon , we insist on the
With this license , the company joins a select group of payment providers operating a regulated retail payment service locally , contributing to trust and promoting adoption of digital payments in UAE .
Peter George , Managing Director , Amazon Payment Services MENA
highest standards , and this license is a true testament of this .”
Amazon Payment Services continues to offer seamless and secure payment solutions to merchants across new and diverse sectors such as travel , insurance , and education . With this license , the company joins a select group of payment providers operating a regulated retail payment service locally , contributing to instilling trust and promoting further adoption of digital payments in the UAE .
Amazon Payment Services is a regional vendor in digital payments operating across the Middle East and North Africa , MENA region with a mission to empower online businesses through a simple , affordable , and trusted payment experience .
Designed to enable businesses to unlock and optimise their online presence , Amazon Payment Services provides secure digital payment services and solutions that are easy to use , including tokenisation technology , local payment methods , third-party services such as advanced fraud tools , instalment plans such as Buy-Now-Pay-Later , digital wallets , and reporting APIs , as well as cutting-edge consumer payments insights . •
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