Amazon Payment Services, a regional leader in digital payments operating across the Middle East and North Africa (MENA) 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.
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.
Also published on Medium.
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