Altery is currently working closely with the DFSA to operationalise the licence, ensuring all compliance, operational and technical components are aligned for a smooth go-to-market rollout.
The granting of the DFSA licence represents a strategic milestone, affirming its adherence to international financial standards and its commitment to delivering secure, innovative solutions within a trusted regulatory framework.
UK-based fintech startup Altery Ltd has announced that its subsidiary, Altery MENA Ltd, has received a regulatory licence from the Dubai Financial Services Authority (DFSA). This licence allows the company to facilitate local currency transactions (AED/GCC) within the UAE, marking a significant milestone in Altery’s global strategy to build regional financial hubs.
While the licence does not cover crypto or international money transfers, it establishes regulatory legitimacy, enabling local customer onboarding and setting the foundation for future growth in the MENA region, which Altery views as strategic due to its high digital payment adoption and supportive regulatory landscape.
