Du gets licence to offer digital financial services

Get set to welcome the UAE's newest fintech - du.

The Emirates Integrated Telecommunications Company - which operates the du telco - has received licenses from the UAE Central Bank to offer financial services via digital platforms.

The operator will be able to offer a range of digital financial services that align with the evolving needs and preferences of customers in the digital era.

EITC aims to provide individuals and businesses with convenient, secure, and efficient solutions that simplify their financial transactions.

This licence will position EITC at the forefront of the evolving fintech landscape in the region and support the UAE's commitment to fostering innovation, competition, and financial inclusion by promoting a cashless society.

Fahad Al Hassawi, CEO of EITC said, “We believe that the EITC's entry into the digital financial services space will further enhance the financial landscape of the UAE through customer-centric solutions that will contribute to its growth and development."

The UAE’s other telecom operator Etisalat by e& is already providing multiple fintech solutions to its customers.