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XTransfer Secures In-Principle Approval for Retail Payment Services Licence from UAE Central Bank

Asia Pacific

XTransfer Secures In-Principle Approval for Retail Payment Services Licence from UAE Central Bank
Asia Pacific

Asia Pacific

XTransfer Secures In-Principle Approval for Retail Payment Services Licence from UAE Central Bank

2026-09-03 12:15 Last Updated At:12:22

Strengthens Trade Connectivity Across the Middle East and Africa

DUBAI, UAE – Media OutReach Newswire – 3 September 2026 – XTransfer, World's Leading B2B Cross-Border Trade Payment Platform, is pleased to announce that it has secured in-principle approval for a Retail Payment Services Licence from the Central Bank of the UAE, marking another important milestone in the company's global regulatory expansion and growing presence in the Middle East.

XTransfer secures in-principle approval for a retail payment services licence from CBUAE.

XTransfer secures in-principle approval for a retail payment services licence from CBUAE.

Upon completing the pre-issuance conditions, the licence will enable XTransfer to serve mainland UAE clients and further expand its regulated B2B payment services in the country. Through this licence, XTransfer aims to support businesses engaged in international trade with compliant, secure and efficient payment solutions tailored to cross-border transactions.

The UAE is a key market in XTransfer's Middle East and Africa strategy. As a major regional trade and re-export hub, the UAE plays an important role in connecting Chinese trade with Africa and wider emerging markets. XTransfer's presence in the UAE will further strengthen its ability to support trade flows between China, the Middle East, and Africa, providing businesses with more accessible and reliable cross-border payment services.

"Receiving conditional approval from the Central Bank of the UAE is a key milestone for XTransfer's global regulatory expansion," said Bill Deng, Founder and CEO of XTransfer. "The UAE is one of the world's most important trade hubs and an essential gateway between Asia, the Middle East and Africa. This approval reinforces our confidence in the UAE market and its long-term growth potential across the region."

Following successful licensing across major trade hubs in Asia and Europe, the UAE licence marks another important milestone in XTransfer's international regulatory roadmap and reflects the company's growing presence in the Middle East. XTransfer will continue to invest in regulated markets and strengthen its payment infrastructure to support SMEs and trading businesses participating in cross-border commerce.
Hashtag: #XTransfer #UAE #PaymentLicence #Crossborder #Payment #SMEs


The issuer is solely responsible for the content of this announcement.

XTransfer

XTransfer is the world's largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. Founded in 2017 as one of the first payment platforms worldwide dedicated to B2B cross-border trade, we serve the largest customer base of over 1,000,000 registered SMEs globally.

We connect top-tier financial institutions directly to SMEs, the backbone of global trade, giving businesses of every size access to the same secure, compliant and seamless payment infrastructure once reserved for multinationals. As of March 31, 2026, we provide payment services across more than 200 countries and regions through partnerships with financial institutions, including some of the most established international banks around the world.

XTransfer has obtained required licences in major hubs, including the Chinese Mainland, Hong Kong SAR, the United Kingdom, the United States, Singapore, the Netherlands, Australia and Canada.

For more information, please visit:

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 3 September 2026 – Tenchijin Inc., a space-tech innovator founded as a JAXA venture, participated as the Official Main Partner of "Science Castle Asia 2026," one of Asia's largest research conferences for junior and senior high school students, held on August 22–23 at Universiti Sains Islam Malaysia (USIM). The event gathered 150 student research teams from 11 countries, selected from approximately 300 applications, presenting research on environment, water, agriculture, healthcare and AI. Over the two days, Tenchijin exhibited its satellite data solutions including "KnoWaterleak," judged the student poster review, delivered the Main Partner Remark by Ryotaro Horii, Global Business Development, and presented four Tenchijin Poster Awards. Representing Japan's space industry, Tenchijin also co-hosted a workshop for approximately 400 students with the Malaysian Space Agency (MYSA).

Tenchijin members with the members from MYSA
Workshop: "Eyes from Space: Solving Everyday Problems with Satellite Data"

After live quizzes on satellites, Yasuo Shirai, Vice President of Engineering, showed how optical, thermal-infrared and radar satellites observe water, farmland, forests and disasters — including Tenchijin's own KnoWaterleak. In a hands-on challenge, students acting as a city mayor decided where to build a new hospital by combining satellite and ground data. His closing message: satellite data becomes truly powerful only when paired with local knowledge and human ideas.

Tenchijin members with the members from MYSA

Tenchijin members with the members from MYSA

Yasuo Shirai - VP of Engineering, Tenchijin Inc | Japan

"The energy of the 400 students in that hall was extraordinary. Their questions on water, agriculture and the environment are exactly the problems we tackle with satellite data every day. Co-hosting with MYSA showed that the distance between an Asian classroom and space technology is far shorter than students imagine, and I hope some of them will one day build this industry with us."

Hashtag: #Tenchijin #KnoWaterLeak #ScienceCastle #leaveanest



The issuer is solely responsible for the content of this announcement.

Tenchijin Inc.

Tenchijin Inc. is a space technology company developing satellite-data solutions for infrastructure management. Its flagship product, Tenchijin COMPASS KnoWaterleak, combines satellite data and AI to detect and prevent water leaks, achieving up to 65% cost reduction and 85% time savings in field tests, and received the Minister of Health, Labour and Welfare Prize at the 7th Infrastructure Maintenance Grand Prize.

https://knowaterleak.space/

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **

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