UAE: New Low-Cost Money Transfer Service Launched

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Global money transfer firm TransferWise is set to launch its low-cost platform in the UAE after it received a licence to introduce the service in 2020.

The tech firm opened its 13th global office in Abu Dhabi Global Market (ADGM), which will serve as a hub for its expansion in the Middle East, a statement said.

TransferWise will go live as one of the first entities to be functional under the ‘providing money services’ category.



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