Al Ansari Financial Services is poised to transform the payment landscape in the UAE with the upcoming launch of its advanced digital wallet platform. This fintech solution, which has received full approval from the UAE Central Bank, marks a significant step toward enhancing financial inclusion and supporting the nation’s goal of a cashless economy.
Al Ansari Digital Pay, the company’s dedicated fintech division, has secured key licenses including the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS), enabling it to offer a broad range of digital payment services. The SVF license allows users to open digital accounts and manage their funds online, while the RPSCS license facilitates the issuance of prepaid cards, merchant payments, and acquiring services for both online and physical retail outlets.
Scheduled for launch in Q2 2025, the Al Ansari Wallet will offer a complete digital payment solution tailored for both individual users and businesses. This move comes as digital payment options continue to gain momentum across the UAE, providing consumers with a secure, convenient alternative to traditional cash transactions. 
Al Ansari’s new digital wallet is set to play a pivotal role in the growing trend of cashless payments, reinforcing the company’s commitment to advancing financial technology and supporting the UAE’s innovative vision for the future.
