ApideckTapeMonthly recapMap
← Embedded Finance Index 2026/Stories/First Abu Dhabi Bank
The embedded-finance story

First Abu Dhabi Bank

2017–2025 in 6 milestones, 6 of them in payments, lending, licences or reported financials.

2017
Founded
Abu Dhabi, United Arab Emirates
Headquarters →
1
Licences held
● Founded◇ Product■ Partnership★ Licence○ MilestoneEmbedded finance
2017
● FoundedEmbedded finance

First Abu Dhabi Bank founded in Abu Dhabi, United Arab Emirates

★ LicenceEmbedded finance

National Bank Charter licence, UAE (Central Bank of the UAE) (First Abu Dhabi Bank PJSC)

Source ↗
2020
○ MilestoneEmbedded finance

Announced carve-out of payments business into a fully owned subsidiary (later branded Magnati) covering direct acquiring, issuer processing and acquiring processing.

◇ ProductEmbedded finance

Launched 'payment as a platform' service for merchants aggregating cards, wallets, QR, BNPL and prepaid issuance via a single API.

2023
■ PartnershipEmbedded finance

Launched SlicePay BNPL card in the UAE under Dubai First trademark, powered by Mastercard Installments Program.

2025
■ PartnershipNovEmbedded finance

Partnered with Thunes to enable global mobile wallet payouts across 130+ countries.

Source ↗