CoinMENA, Standard Chartered partner on UAE payment rails

CoinTelegraph·

CoinMENA, Standard Chartered partner on UAE payment rails

60-second summary

CoinMENA is partnering with Standard Chartered to enhance fiat payment rails in the UAE, leveraging the bank's infrastructure to facilitate seamless transactions. This move comes as Revolut reportedly secured central bank licenses, setting the stage for a local launch. The partnership aims to boost financial inclusion and drive digital payments adoption in the region.

CoinMENA will use Standard Chartered to strengthen fiat payment rails in the UAE, while Revolut reportedly secured central bank licenses ahead of a planned local launch.