Interview: London-based $3.5bln TransferWise CEO optimistic on new UAE presence | ZAWYA MENA Edition:
Global cross-border payments company TransferWise has obtained a license from the regulatory authority of Abu Dhabi to launch its low-cost fast money transfer platform in the UAE.
“Abu Dhabi and the UAE are going to be the next country where people can start taking advantage of TransferWise product offering. The country is a source base of remittances in the region to around the world and the demand is enormous,” Kristo Käärmann, CEO and co-founder of TransferWise said in an interview with Zawya.
The firm’s product is expected to be launched in early 2020 in the UAE under the Abu Dhabi General Market (ADGM) Financial Services Regulatory Authority (FSRA).
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