AvenuesAI's UAE unit gets in-principle nod for Retail Payment Services License
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AvenuesAI Limited's step-down subsidiary Avenues World FZ LLC has received in-principle approval from the Central Bank of the UAE (CBUAE) for a Retail Payment Services Category III License. Avenues World has been a digital payments player in UAE since 2015, serving thousands of merchants. The approval is expected to help it expand its customer base, offer new payment solutions, and grow its business across the UAE. This is an in-principle approval, not a final licence, granted via CBUAE letter dated June 4, 2026.
Positive for long-term growth; strengthens subsidiary's position in UAE digital payments, potentially boosting revenue and shareholder value.