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Uaes

“Can a legacy UAE remittance and FX brand modernize its infrastructure and compete in a rapidly digitizing Gulf payments landscape while operating under CBUAE's evolving regulatory frameworks?”

HQAbu Dhabi, United Arab Emirates
IndustryFintech / Cross-border payments
The story

UAE Exchange established itself as a leading global remittance, foreign exchange, and payment solutions brand operating out of Abu Dhabi. The company was subsequently acquired by Wizz Financial. Its core business has centered on cross-border fund transfers and FX services for retail and SME customers across the UAE and internationally. The broader UAE digital payments ecosystem has evolved rapidly around it, including the launch of Jaywan (UAE's first domestic card scheme) and CBUAE licensing frameworks for SVF and retail payment services.

Last 12 months
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Regulated entities
1
regulatory licence held by Uaes
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in Uaes’s embedded-finance stack
FX & payouts
UAE Exchange (self-operated)
Accounting gap: none

Uaes — frequently asked

Who handles Uaes's FX and cross-border payouts?

Uaes uses UAE Exchange (self-operated) for FX and cross-border payouts.

Where is Uaes headquartered?

Uaes is headquartered in Abu Dhabi, United Arab Emirates.

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