DIFC launches 3S Money in the Middle East

Leandra Monteiro

3S money, International payment platform Reforming cross-border business, it is licensed by the Dubai Financial Services Authority (DFSA), the independent regulator of financial services in or from the DIFC, available from the Dubai International Financial Centre (DIFC). ) providing money services, Dubai International Financial Centre (DIFC) is Dubai’s global financial centre for the Middle East, Africa and South Asia (MEASA) region.

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 businesses in the UAE with 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 Evangelos Kaldelis, CEO, Middle East, he brings over 12 years of senior banking experience from 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 favourable government policies to promote trade and investment provide companies that do business here. 3S Money opens up international trade to these ambitious businesses who enable seamless and high-value transactions through tailor-made business accounts to support their expansion.”

Salmaan Jaffery, Chief Business Development Officer, DIFC It added: “We would like to congratulate the 3S Money team on receiving a money services license from the DFSA. DIFC’s money services regime is the most comprehensive in the region, enabling companies such as 3S Money to add value to their customers by deploying innovative payment solutions. The system is attracting new clients to the center who together will help us drive the future of finance.”