DUBAI, UAE, April 3, 2024 —Telr, a leading provider of payment gateway solutions, is excited to announce that it has received in-principle approval for the Retail Payment Services & Card Schemes (RPSCS) License from the Central Bank of the UAE. This significant milestone represents a key moment in Telr’s mission to transform the digital payment landscape in the UAE, underscoring its commitment to innovation and leadership in the MENA region. With this approval, Telr is set to accelerate its growth and continue offering cutting-edge, customized payment solutions to businesses and consumers in the UAE, reinforcing its dedication to building trust and driving growth in the digital economy.

Khalil Alami, Founder & CEO of Telr, said: ‘I am thrilled to have achieved this historic milestone. This milestone is not just a reflection of Telr’s dedication but also of the dynamic and innovative spirit of the UAE’s fintech landscape. We are deeply honored by the UAE Central Bank’s trust, and we remain committed to pioneering digital payment solutions that elevate businesses and drive economic growth across the region.’ Alami added, ‘With great pride, we will continue empowering businesses on their journey to success while further cementing the UAE’s esteemed reputation as a leading payment hub in the region’.

Telr’s mission is to streamline the e-commerce ecosystem by eliminating fragmentation and facilitating the transition to cashless transactions. Since 2014, Telr has aimed to help businesses expand globally with its comprehensive one-stop-shop approach, offering secure payment solutions, real-time monitoring, and specialized business services. The introduction of Telr Split Payments simplifies reconciliation for UAE merchants, while Telr Finance provides rapid access to business capital. Together, these services make Telr a reliable partner for e-commerce enterprises, enhancing transaction processes and ensuring seamless operations.

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‍_{About Telr}

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Established in 2014, Telr, the UAE-based award-winning payment gateway solutions provider, offers a unique platform that enables payment handling in over 120 currencies and 30 languages in the UAE and KSA with the highest level of security. Through a single integration, Telr grants access to every payment method, including Visa, Mastercard, American Express, UnionPay, JCB, Apple Pay, PayPal, SADAD, Mada, STC Pay, and urpay.

With its one-stop mindset, Telr extended its services even further, offering a complete solution for the e-commerce world. It covers a wide range of financial and business services, including social commerce, QR Codes, digital invoicing, Telr Buy Now Pay Later (BNPL), and Telr Finance—a merchant financing program.

Telr is the first PCI DSS Level 1 & NESA-certified company in MENA.

Learn more at www.telr.com

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