{"id":101652,"date":"2025-10-21T00:00:00","date_gmt":"2025-10-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/21\/tamara-is-now-licensed-in-the-uae\/"},"modified":"2025-10-21T00:00:00","modified_gmt":"2025-10-21T00:00:00","slug":"tamara-is-now-licensed-in-the-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/21\/tamara-is-now-licensed-in-the-uae\/","title":{"rendered":"Tamara is now licensed in the UAE"},"content":{"rendered":"

FINTECH- <\/p>\n

Tamara receives restricted license from CBUAE: <\/strong>Payments fintech platform Tamara secured a restricted finance license from the Central Bank of the UAE (CBUAE), according to a press release<\/a>. With the license, the fintech unicorn can roll out its credit and payment services in the UAE, expanding its footprint in the country.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Background:<\/strong> The fintech \u2014 which is Saudi Arabia\u2019s first unicorn \u2014 already partnered with Mastercard earlier this year<\/a> to launch a shariah-compliant split payment card, as well as with Dubai\u2019s Finance Department<\/a> to collaborate on biometric payments.<\/p>\n

\n

M&A WATCH<\/p>\n

Qashio enters Saudi market with SanadCash acquisition: <\/strong>Dubai-based B2B spend management platform Qashio acquired Saudi fintech SanadCash for an undisclosed sum, marking its entry into the Saudi market, according to a press release<\/a>. The two firms will build a \u201cunified platform that simplifies how companies manage spending\u201d and that enhances financial transparency, the statement said. <\/p>\n

REMEMBER- <\/strong>Qashio raised USD 19.8 mn<\/a> in May to finance its Saudi expansion and scale its B2B fintech loyalty program. The round \u2014 led by Rocketship VC with participation from ABN Ventures and regional investors \u2014 supports regulatory compliance and growth across Mena, Europe, and the UK.<\/p>\n

Next step, scaling up operations: <\/strong>Over the next six months Qashio plans to hire over 120 new employees across key markets, including KSA, Europe, the UK, and the UAE, to support its expansion and product rollout.<\/p>\n

\n

REGULATION WATCH-<\/p>\n

The Municipal and Rural Affairs and Housing Ministry approved <\/strong>new rules for<\/a><\/strong>using public sidewalks for commercial purposes (pdf)<\/a><\/strong>, it said in a statement<\/a> on Sunday. The updated regulations aim to better organize how cafes, restaurants, and shops use space outside their businesses while keeping sidewalks clear and safe for pedestrians. <\/p>\n

The move seeks to balance business needs with public access<\/strong>, ensuring smoother foot traffic and maintaining the original purpose of sidewalks as shared public spaces. Businesses can apply for permits through the Balady<\/a> platform, which simplifies the approval process and clarifies all requirements. <\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Starwood Capital to set up shop in DIFC<\/p>\n","protected":false},"author":1,"featured_media":101653,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[2439,54,1081,2471,4575,341,4579,4578,4577,10,208,2720,4576,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-ai","tag-also-on-our-radar","tag-amazon","tag-business","tag-central-bank-of-the-uae","tag-dubai","tag-dubai-international-financial-center","tag-ellington-properties","tag-emirates-stallions-group","tag-enterpriseam-ksa","tag-fintech","tag-ma","tag-ras-al-khaimah","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"95c221d9-dd68-4c8b-8271-0dfc017dd487","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1512.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Tamara is now licensed in the UAE","related_issue":[101632],"teaser":"Plus: Starwood Capital to set up shop in DIFC","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.2814b3cf-d8f8-4b75-a68a-2818b616073f.mp3"},"yoast_head":"\nTamara is now licensed in the UAE - 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