Tamara has officially been granted a restricted finance license by the Central Bank of the UAE (CBUAE).
As one of the UAE’s leading fintech platforms, the company has strengthened its standing as a trusted financial partner.
Gaining full regulatory status marks a significant milestone, enabling Tamara to contribute to the objectives of the UAE Vision 2031 and support the development of a more advanced and reliable financial ecosystem in the country.
“This milestone fundamentally strengthens our entire operation in the UAE and serves as the catalyst for our ambitious future here,”
said Yamen Fakhreddine, CEO of Tamara UAE.
“The path is now clear to achieve our mission to help people own their dreams by building the most customer-centric financial super-app in the world.”
Tamara said it will continue to develop products and partnerships aimed at providing customers and merchants with greater ease and confidence in managing payments.
The company’s ongoing efforts include diversifying its offerings through new credit and payment solutions.
Featured image credit: CBUAE
