- WadzPay’s Dubai arm secures VASP licence.
- WadzPay contributes to a robust Middle East fintech ecosystem.
- Dubai’s VARA plays a central role in governance.
WPME Technology, the Dubai-based entity of WadzPay, proudly announces the acquisition of a Virtual Asset Service Provider (VASP) Licence for Virtual Asset Broker-Dealer services from Dubai’s Virtual Assets Regulatory Authority (VARA).
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This pivotal moment underscores WadzPay’s dedication to delivering cutting-edge and compliant blockchain solutions in the Middle East.
As a trailblazer in blockchain-based virtual assets technology, WadzPay is poised to transform transactions in the Middle East. With a focus on regulatory compliance, WadzPay ensures that financial institutions and customers can confidently embrace the benefits of blockchain technology, contributing to the growth of a robust fintech ecosystem in the region.
Mr. Anish Jain, Founder & CEO of WadzPay, expressed, “This licence demonstrates WadzPay’s commitment to promoting innovation in the virtual assets domain and blockchain technology, bringing us closer to delivering world-class solutions to Middle Eastern businesses.”
WadzPay’s comprehensive commitment includes revolutionizing the way people in the Middle East transact and manage virtual assets. The company’s broker-dealer services will provide technology to clients, enhancing customer experiences with seamless and secure virtual asset transactions.
Mr. Ram Chari, Board Member and Group Director at WadzPay, emphasized, “This solidifies WadzPay’s position as a trusted and reliable blockchain technology-based financial service provider in the region. With broker-dealer services, WadzPay aims to enhance customer experiences by enabling seamless and secure virtual asset transactions.”
Mr. Khaled Moharem, President – MENA & Europe at WadzPay, stated, “This cements our hard work and sets the stage for transformative blockchain solutions, promoting compliance and customer confidence in the Virtual Assets Industry.”
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