Telr, a digital payments company based in Dubai, has secured a Retail Payment Services (RPS) license from the Central Bank of the UAE.
This approval enables Telr to expand its merchant acquiring and payment aggregation services within the country.
Khalil Alami, Founder and CEO of Telr, stated,
“We are honoured by the Central Bank of the UAE’s trust and recognition.”
He added,
“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.”
The company provides payment solutions across the UAE, Saudi Arabia, Bahrain, and Jordan, offering services such as payment processing, e-wallet integration, buy now, pay later (BNPL) options, financing, and split payments.
As a PCI-certified payment gateway, Telr ensures secure transactions through unified APIs, allowing businesses to accept payments across web, mobile, and social media platforms.
Telr has gained recognition for its role in digital finance, recently being included in the UAE Ministry of Economy’s Future 100 initiative and listed in the Forbes Middle East Fintech 50.
With its latest regulatory approval, Telr aims to further enhance financial technology services and support businesses in adapting to the region’s evolving digital economy.
Featured image credit: edited from freepik
