[ad_1]
Dubai, UAE: 3S Money, an international payments platform revolutionizing cross-border business, has been licensed by the Dubai Financial Services Authority (DFSA), a financial services provider within or from a DIFC An independent regulator that provides DIFC’s Money Services Centre (DIFC), a leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. FinTech Scaling provides companies of all sizes and structures with tailor-made international business accounts, enabling seamless and high-value transactions to support global expansion.
The International Monetary Fund (IMF) expects the UAE economy to grow by 4.2% this year, up from a previous forecast of 3.5%. To benefit from this momentum, mid-sized businesses need access to flexible and frictionless cross-border payment and foreign exchange solutions. With this license, 3S Money will provide UAE businesses access to over 190 countries through a digital global business account, enabling fast and reliable payments in over 40 currencies. It will also simplify international payments vital to the cross-border economy, enabling UAE businesses to quickly cross borders.
The Dubai office will be led by Middle East CEO Evangelos Kaldelis, who brings over 12 years of senior banking experience at JPMorgan and Standard Chartered. Commenting on the new license, Calderis said: “The UAE’s business-friendly environment, strategic location as a global trade hub, world-class infrastructure, and the government’s favourable policies to promote trade and investment have created a strong environment for those doing business here. Companies provide fertile ground. 3S Currency opens the door to international trade for these ambitious businesses with tailor-made business accounts for seamless and high-value deals to support their expansion.”
DIFC Chief Business Development Officer Salmaan Jaffery added: “We would like to congratulate the 3S Money team on being awarded a money services license by the DFSA. DIFC’s money services regime is the most comprehensive in the region, enabling companies such as 3S Money to deploy innovative payment solutions The program adds value to its clients. The system is attracting new clients to the center, who together will help us drive the future of finance.”
Launched in 2018 and growing 260% year-on-year in 2021, 3S Money has become the international payments service of choice for thousands of shareholders and directors, processing $1 billion in customer payments globally last year. 3S Money continues to invest in its expansion in key global regions by attracting world-class talent in the UK, Latvia, Luxembourg and now Dubai, further building up its compliance, product and business development teams, while also planning to invest in R&D areas.
-Finish-
About 3S Money
3S Money is an authorized money service provider that enables companies to accept and manage remittances in foreign markets through all major payment channels. Digital accounts are designed for large-value import and export transactions, dividend distribution, financial and treasury operations, and 3S handles all aspects of cross-border payments and foreign exchange risk management.
For media enquiries, please contact:
Nishka Manglani Free Mp3 Download Business Newsletter
3smoney@houbaracomms.com
About DIFC
The Dubai International Financial Centre (DIFC) is one of the most advanced financial centres in the world and a major financial centre for the Middle East, Africa and South Asia (MEASA) comprising 72 countries with a population of approximately 3 billion and an estimated GDP of US$8 trillion.
The center has a nearly 20-year track record in facilitating trade and investment flows across the MEASA region, connecting these fast-growing markets with economies in Asia, Europe and the Americas through Dubai.
DIFC has an internationally recognised independent regulator and a proven judiciary with a UK common law framework, as well as the largest financial ecosystem in the region, comprising almost 30,000 professionals in over 4,000 active registered companies Medium Jobs – Industry talent within the region that constitutes the largest and most diverse capital pool.
The center’s vision is to drive the future of finance through cutting-edge technology, innovation and partnerships. Today, it is the future of global finance and innovation hub, offering one of the most comprehensive fintech and venture capital environments in the region, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programs and growth-stage start-up funding -UPS.
Comprising a variety of world-renowned retail and dining venues, vibrant arts and cultural venues, residential apartments, hotels and public spaces, DIFC remains one of Dubai’s most popular business and lifestyle destinations.
For more information, visit our website: diffc.ae, or follow us on LinkedIn and Twitter @DIFC.
For media enquiries, please contact:
Omar Nasro | ASDA’A BCW
omar.nasro@bcw-global.com
www.asdaa-bcw.com | www.arabyothsurvey.com
Rasha Mezer | DIFC Authority
Consultancy, Marketing and Corporate Communications
t-rasha.mezher@difc.ae
[ad_2]
Source link
