Finseta plc has announced that it has obtained a Category 3D licence from the Dubai Financial Services Authority (DFSA), enabling the company to provide payment services in the United Arab Emirates (UAE). This strategic move is part of Finseta’s plan to enhance its geographical reach and regulatory capabilities, aligning with its overall business expansion strategy.

With the new licence, Finseta aims to significantly broaden its operations in Dubai by leveraging its existing partner network and establishing a new office in the Dubai International Financial Centre. The company is also planning to hire key personnel to bolster its business development efforts. Despite anticipating higher operating expenses from investments in both the UAE and Canadian markets, Finseta expects these initiatives to contribute positively to its profitability starting in 2026.

Finseta plc is a London-based foreign exchange and payments firm that offers multi-currency accounts and payment solutions to both businesses and individuals. The company operates a proprietary technology platform that facilitates payments in over 165 countries and supports 140 currencies. With more than 12 years of experience in the industry, Finseta is regulated by various financial authorities, including the UK’s Financial Conduct Authority and the Dubai Financial Services Authority.