Mamo, the UAE-based FinTech, receives greenlight from DIFC Community News 30 Jun 2021 09:00 am
Dubai,UAE, 30 June 2021 Mamo, the UAE-based FinTech company, has been granted an Innovation Testing Licence to operate in or from Dubai International Financial Centre (DIFC), the global financial centre and leading FinTech hub in the MEASA region. The licence has been granted by the Dubai Financial Services Authority (DFSA) to carry out the regulated activity of Providing Money Services. The licence allows Mamo to test its products and services in a rapidly growing market under conditions defined by the DFSA.
In a nutshell:
●The Peer-to-Peer (P2P) payments space will grow from $ 22Bn in 2019 to $115Bn (almost 5x) by 2023 for the Middle East as a whole;
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