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Dubai International Financial Centre Grants EastNets License to Operate in the Financial District of Dubai

EastNets caters to more than 850 financial institutions, corporations and government agencies worldwide by providing a variety of payments and compliance solutions and services. The Dubai-based company today announced it has received a license from the Dubai International Financial Centre (DIFC) to operate in, and serve, the companies located in the financial district.

Nasser Al Shaali, CEO of DIFC Authority, said EastNets’ presence in the financial district contributes to the “depth and diversity” of the technology resources currently available to the DIFC financial community.

“Technology is one of the key drivers of innovation and growth within the financial industry. As a leading provider of payments and compliance solutions and services in the region, EastNets will enrich the pool of world-class technology services that financial institutions can access from within DIFC,” Shaali stated in the press release.

According to released statements, the company has spent the last 25 years building a stable presence in the Middle East. The license enables the company to continue on its mission to serve clients in the area, and to attract new ones.

“We are delighted to have been awarded this license by DIFC, as it will allow us to strengthen our commitment to serving our clients throughout this region as well as further reach out to new customers seeking localized services and solutions to improve operations, cut costs and reduce risk exposure,” Hazem Mulhim, CEO of EastNets stated. “The close proximity to the actual areas of transaction places us in a more strategic position to determine the specific needs of our clients in the region.”

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