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Another telco in the country, Etisalat by e&, already offers several fintech solutions to its customers
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Telecom operator Du has received a license from the Central Bank of the United Arab Emirates to provide new digital financial services.
These licenses allow Du, the Emirates Integrated Telecommunications Company (EITC), to launch innovative financial solutions that will help develop an advanced, modern and future-proof financial ecosystem across the UAE.
The operator will be able to offer a range of digital financial services to meet the changing needs and preferences of customers in the digital era.
The license will place EITC at the forefront of the region’s growing fintech sector and supports the UAE’s commitment to promoting innovation, competition and financial inclusion by promoting a cashless society.
Fahad Al Hassawi, CEO of EITC, said: “We believe that EITC’s entry into the digital financial services sector will further improve the UAE’s financial landscape through customer-centric solutions, thereby promoting its growth and development.”
The EITC aims to provide individuals and businesses with convenient, secure and efficient solutions to simplify their financial transactions.
Etisalat by e&, another telecommunications operator in the UAE, already offers a variety of fintech solutions to its customers.
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