CBUAE Grants Adyen Domestic Payment License to Expand UAE Operations

The Central Bank of the UAE (CBUAE) has granted a Retail Payment Services license to Adyen, the global financial technology platform, enabling the firm to launch domestic acquiring and direct payment processing services. The move allows the Amsterdam-headquartered firm to bypass third-party intermediaries and connect directly to UAE payment networks. Domestic Acquiring and Settlement By securing the CBUAE license, Adyen can now process transactions locally for its merchant clients. This transition to domestic acquiring typically results in higher transaction authorization rates, faster settlement cycles, and reduced processing fees for businesses operating in the UAE. The platform provides a single interface for merchants to manage online and in-store payments across various markets. The licensing includes the ability to offer local payment methods popular in the region. Merchants using the platform will have access to direct connections with international card schemes such as Visa and Mastercard, alongside local payment systems. This operational expansion follows Adyen’s initial entry into the Middle East market via its regional headquarters in the Dubai International Financial…