Pemo Secures UAE Central Bank SVF Approval to Expand Fintech
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Pemo Moves Closer to SVF License with CBUAE In-Principle Approval
Spend management platform Pemo has received in-principle approval for a Stored Value Facility (SVF) license from the Central Bank of the UAE (CBUAE). The approval will allow the company to hold and manage business funds digitally once the full licensing process is completed. Pemo expects to secure the final license in the coming months. The license, once granted, will allow the company to introduce a broader suite of financial products, includin…
The Paraguayan Chamber of Fintech successfully conducted a new edition of Fintech Talks, under the concept "Wine, Art & Fintech", a proposal that brought together referents of the country's financial, technological and business ecosystem in an experience that combined innovation, art, gastronomy and networking. The meeting took place in Souk Deco House and brought together partners of the Paraguayan Chamber of Fintech, entrepreneurs, executives …
Pemo Secures UAE Central Bank SVF Approval to Expand Fintech
Pemo, the UAE’s leading all-in-one spend management platform built for small and medium-sized businesses (SMEs), recently announced that it has received in-principle approval from the Central Bank of the UAE (CBUAE) for a Stored Value Facilities (SVF) licence. Industry sources added that this approval will let the company hold and manage business funds digitally on its customers’ behalf once the licensing process is complete. Pemo is among the f…
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