AvenuesAI Subsidiary Avenues World Receives In-Principle Approval for UAE Payment License
AvenuesAI's subsidiary, Avenues World FZ L LC, received in-principle approval from the UAE's Central Bank for a Retail Payment Services - Category III License on June 04, 2026. This is expected to accelerate business growth and expand customer reach in the UAE digital payments ecosystem.
The approval is significant for the subsidiary's operations in a growing market, which is expected to contribute to the parent company's strategic opportunities and value appreciation, but it's an in-principle approval and not yet a final license.
The in-principle approval for a key payment license in the UAE is a positive development that is expected to enhance the subsidiary's market position and drive future growth.
AvenuesAI Limited announced that its step-down subsidiary, Avenues World FZ L LC, has received in-principle approval from the Central Bank of the UAE (CBUAE) for a Retail Payment Services - Category III License. This approval, granted on June 04, 2026, is expected to bolster Avenues World's standing in the burgeoning digital payments sector within the UAE.
The company stated that this license will empower Avenues World to accelerate business expansion, broaden its customer base, and introduce novel payment solutions. A pioneer in UAE's digital payment services since 2015, Avenues World aims to continue facilitating cashless transactions and enhancing the e-commerce landscape, thereby creating long-term value and supporting sustainable growth for AvenuesAI Limited.
The approval is considered significant for the listed entity, strengthening its strategic opportunities and potential value appreciation in the UAE market. Further details regarding this approval are available on the company's website.
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