KamelPay Secures Key Approvals and Partnerships to Scale UAE Fintech

TLDR / Key Takeaways:

• KamelPay has received crucial approval from the UAE Central Bank, letting it operate as a trusted payment service provider in the nation.
• New partnerships with Ajman Bank and Network International will expand its reach, making digital payment and salary solutions easier for UAE businesses and workers.
• These milestones help drive the UAE’s ambition to build a fully digital, inclusive economy, supporting both the banked and underbanked segments.

The UAE’s business world runs at a fierce pace, with new names making headlines as fast as you can refresh a newsfeed. Still, KamelPay has managed to catch the eyes of both industry leaders and small business owners. Why? It’s more than just a fintech buzz. KamelPay’s recent approval from the Central Bank of the UAE and its strategic partnerships signal the next big step in making money movement quicker, safer, and friendlier for everyone.

Smart business owners know that smooth payments are like a well-oiled karak shop: fast service, no confusion, and happy customers. With its latest regulatory green light, KamelPay is promising just that, and more.

Central Bank Approval: A Stamp of Credibility

Winning the In-Principle Approval from the Central Bank of the UAE is no small feat. This nod officially licenses KamelPay to run Stored Value Facilities (SVF) and Retail Payment Services (RPS) in the country. This licence makes KamelPay one of a handful of platforms trusted to move money and manage payroll for businesses in the UAE.

Businesses crave this kind of safety and oversight, and now, with KamelPay on their side, they can rest easy knowing every transaction meets the nation’s highest standards. The approval opens the door for smarter, easier payroll and supplier payment processes—a big win for both company owners and employees. You can read more about this important milestone at the Central Bank of the UAE’s decision via Wric.com’s coverage on KamelPay’s approval.

Ajman Bank Partnership: Expanding Access for All

Partnerships are powerful. When two organisations come together, the result is often bigger than what either could manage on its own. KamelPay teaming up with Ajman Bank, one of the country’s respected Shariah-compliant banks, brings modern payment solutions to a wider community—especially those without easy access to traditional accounts.

This joint effort focuses on building digital tools (think easy mobile apps and secure cards) that help businesses pay staff or suppliers with a few taps. More importantly, it’s about inclusion. With this move, businesses can support their staff, even when they come from a mix of different backgrounds or banking experiences. Learn how this collaboration is shaping the future of cashless payments through Ajman Bank’s announcement.

Network International: Payroll Made Effortless

Payroll isn’t just about handing out salaries. It’s about security, accuracy, and making employees feel valued. Through its new partnership with Network International, KamelPay plans to roll out its payroll solutions to over 200,000 customers this year.

Now, businesses can process their payroll and manage expenses from a single platform. This means fewer headaches, less paperwork, and more time to focus on growing the business. The service targets both the fully-banked and underbanked, so companies can make sure no employee falls through the cracks.

Check out details of how KamelPay will operate its payroll program independently with Network International in their press statement.

Quick FAQ: KamelPay and UAE’s Fintech Scene

Is KamelPay fully licensed in the UAE?
KamelPay has received in-principle approval from the Central Bank for both SVF and RPS licences. This is the highest tier for payment providers in the UAE.

Who benefits from KamelPay’s partnerships?
Small businesses, large corporates, and employees—especially those who find it difficult to access regular banking—can benefit from KamelPay’s payroll and payment solutions.

How does this help the UAE’s cashless society push?
By making digital payments simple and secure for everyone, KamelPay supports the UAE’s vision for a digital, inclusive economy.

Are these services Shariah-compliant?
Yes, through partnerships like the one with Ajman Bank, payment solutions cater to Muslim customers and align with Shariah guidance.

Conclusion

Building trust and giving businesses better ways to handle money—it all starts with the right licences and strong partnerships. KamelPay’s latest approvals and collaborations act as a booster shot for financial inclusion in the UAE. For businesses, this means less time worrying about payroll, more chances to expand, and a firmer grip on cashflow. For employees, it’s easier, safer, and more reliable access to wages. These changes don’t just benefit a handful of companies. They move the whole UAE economy forward.

For contact details, services, and updates, check KamelPay’s full listing on UAE Thrive.

Further Reading

• KamelPay’s official news hub: latest updates and features
• Central Bank approval strengthens KamelPay’s position in UAE fintech
• Network International and KamelPay payroll partnership
• UAE News: For more updates on fintech and business in the Emirates

Stay informed and ready—smart solutions like these are shaping a more connected, trustworthy business environment across the Emirates.