AvenuesAI Limited announced that its step-down subsidiary, Avenues World FZ L LC, has received in-principle approval from the Central Bank of the UAE (CBUAE) for a Retail Payment Services - Category III License. This approval, granted on June 04, 2026, is expected to bolster Avenues World's standing in the burgeoning digital payments sector within the UAE. The company stated that this license will empower Avenues World to accelerate business expansion, broaden its customer base, and introduce novel payment solutions. A pioneer in UAE's digital payment services since 2015, Avenues World aims to continue facilitating cashless transactions and enhancing the e-commerce landscape, thereby creating long-term value and supporting sustainable growth for AvenuesAI Limited. The approval is considered significant for the listed entity, strengthening its strategic opportunities and potential value appreciation in the UAE market. Further details regarding this approval are available on the company's website.
