AvenuesAI’s step down subsidiary company -- Avenues World FZ LLC (Avenues World) has secured in-principle approval for a Retail Payment Services - Category III License in accordance with Retail Payment Services and Card Schemes Regulation. Avenues World has secured the approval from Central Bank of the UAE (CBUAE). The regulatory approval is expected to strengthen Avenues World’s position in the rapidly growing digital payments ecosystem, enabling it to accelerate business growth, expand its customer reach, and offer innovative payment solutions across UAE.
As a pioneer in digital payment services in UAE since 2015 and powering digital transactions for thousands of merchants, Avenues World will continue to focus on facilitating cashless transactions and enhancing the e-commerce ecosystem that will create long-term value, strengthen market credibility, and support sustainable growth, thereby benefiting the company through enhanced strategic opportunities and potential value appreciation.
AvenuesAI (Formerly known as Infibeam Avenues) since beginning, has always focused on building a digital organisation that not only can scale but can also solve problems at scale. It had ventured into various digital-led businesses and it has leveraged that experience to become one of India’s leading Digital Payment Solutions (DPS) and Enterprise Software Platform (ESP) provider.
