NymCard, the MENA region’s leading embedded finance platform, has officially received a license from the Central Bank of the UAE (CBUAE) to provide Open Finance services, in line with the UAE’s newly issued Open Finance regulations.
With this milestone, NymCard becomes one of the first entities in the UAE to offer regulated payment services through a modular, integrated financial infrastructure.
This advancement positions the company at the forefront of transforming how financial services are accessed and delivered across the region.
Omar Onsi, CEO of NymCard, stated:
Open Finance is a pivotal shift in how financial products are built and delivered. This license reflects our commitment to advancing the UAE’s financial ecosystem through innovative and impactful experiences.
Unlike providers focused solely on connectivity, NymCard delivers fully integrated financial products through a single API, empowering a wide range of sectors—including fintechs, SMEs, micro-enterprises, banks, and digital marketplaces—to embed regulated financial services into their platforms and user experiences.
Ihsan Alhayek, SVP – Open Finance at NymCard, added: We’re enabling real-world A2A payment flows that are secure and consent-driven, giving consumers more choices and offering faster, more cost-effective alternatives for merchants. This is a major step toward building an open, regulated financial future.”
This announcement follows NymCard’s recent $33 million Series B funding round, led by QED Investors, further strengthening its position as the region’s most comprehensive embedded finance provider.
