Pemo is closer to expanding its offering + DTC links up to du’s cloud

Pemo is one step closer to expanding its offering: UAE-based corporate spend management platform Pemo has received in-principle approval from the Central Bank of the UAE (CBUAE) for a Stored Value Facilities license, according to a press release. Pemo is looking to roll out a digital wallet service once fully licensed, targeting its SME clients.

ICYMI- The Dubai-based fintech firm has previously received USD 7 mn in investment from the likes of UK fintech firm Augmentum Fintech, as well as Abu Dhabi-based Shorooq Partners. At the time, it was eyeing expansion into high-growth markets in the region.

DTC links core systems to du’s cloud

du has activated its National Hypercloud platform for Dubai Taxi Company (DTC), completing the UAE’s first migration of a transport operator's core systems to a sovereign national cloud, it said in a press release.

A blueprint for government entities: The project comes on the back of an MoU inked between DTC and du late last year and is set to be rolled out to more government entities and other firms, du CEO Fahad Al Hassawi told state news agency Wam. The move comes as the UAE looks to localize critical digital infrastructure and cut reliance on overseas cloud providers.