Checkout.com became the first global payments platform to receive a retail payment services license from the UAE Central Bank.

This accomplishment strengthens Checkout.com’s foothold in the Middle East and North Africa (MENA) region, where it has been serving brands like Starbucks and Western Union for nearly a decade.

With this newly acquired license, Checkout.com is poised to unlock its comprehensive payments model in the UAE, an eCommerce market projected to reach $17bn by 2025.

Checkout.com’s latest product empowers merchants with increased control over their payment processing. This will enhance Checkout.com’s ability to help brands to expand in the UAE and beyond, a region where 91% of consumers prefer online shopping.

The partner of Fintech section is