UAE-based crypto infrastructure startup, Fuze, obtains authorization to broaden its scope into card-based transactions
In a significant move, UAE-based fintech company Fuze is expanding its services to include traditional payments, offering businesses the ability to accept card payments and access tools like virtual IBANs, AI-based fraud detection, and real-time settlements.
With the recent acquisition of a Retail Payment Services and Card Schemes (RPSCS) license from the Central Bank of the UAE, Fuze can now offer these card payment services to businesses across the UAE. This license marks an important milestone in Fuze's mission to provide digital and AI-enabled infrastructure for the future of finance.
Mo Ali Yusuf, co-founder and CEO of Fuze, stated, "This new license is a key step in our mission to provide digital and AI-enabled infrastructure for the future of finance and transform payments."
Seamless Integration of Crypto Payments
Fuze initially focused on digital assets and offers Crypto-as-a-Service products. The company's key innovations include the integration of digital assets and cryptocurrencies, aiming to make these tools as seamless and secure as traditional financial tools.
One of these innovations is the use of Virtual IBANs (International Bank Account Numbers). These unique virtual account numbers for each customer or transaction improve transparency and operational efficiency, streamlining payments and financial reconciliation.
Fuze's services align with growing initiatives such as the Dubai Land Department’s plans to add crypto payments to real estate transactions by October 2025, expanding digital finance ecosystems in the UAE.
Collaborations for Digital Asset Capabilities
To further drive the modernization and inclusion of digital currencies in mainstream finance, Fuze partners with technology firms like Codebase Technologies. This collaboration allows Fuze to offer its capabilities to banks across the Middle East, positioning the company at the forefront of fintech innovation in the UAE.
In addition to its focus on digital assets, Fuze also operates an Over-the-Counter (OTC) desk for large crypto trades, providing access to 100+ tokens, 24/7 trading, and real-time settlements.
Through Fuze's APIs, banks, fintechs, and other platforms can embed crypto trading, loyalty programs, custody, and lending into their apps, offering a more integrated, future-ready payment ecosystem.
With these services, Fuze is contributing significantly to the UAE Digital Economy Strategy, enabling seamless integration of crypto payments into everyday financial services.
Fuze's strategic partnership with Codebase Technologies allows the company to offer its digital asset capabilities to banks across the Middle East, further driving the modernization and inclusion of digital currencies in mainstream finance.
The integration of digital assets and cryptocurrencies through Fuze's services, such as Virtual IBANs and its OTC desk, helps align with growing initiatives like the Dubai Land Department’s plans for crypto payments in real estate transactions, advancing digital finance ecosystems in the UAE.
