Paycaps Secures Full RSPCS License from the Central Bank of the UAE

Dubai, UAE – Paycaps Technology, a leading digital payment solutions provider, proudly announces that it has been granted the Retail Payment Service Provider (RSPCS) license by the Central Bank of the United Arab Emirates (CBUAE). This recognition makes Paycaps one of the officially regulated payment service providers in the UAE, reinforcing its role as a trusted partner in the country’s fast-growing digital payments ecosystem.  

What the RSPCS License Means 

The RSPCS license in the UAE is awarded only to providers that demonstrate the highest levels of compliance, security, and governance. By securing this license, Paycaps ensures that every transaction is: 

• Processed with CBUAE-compliant security protocols. 

• Backed by regulatory trust and oversight. 

• Delivered through innovative, customer-focused payment solutions for businesses of all sizes. 

 For merchants in the UAE, this milestone means the assurance of working with a fully licensed payment gateway provider. For customers, it guarantees that their online transactions are protected with the highest security standards. 

 A Word from the Founder 

 Mr. Saeed Al Mheiri, Founder of Paycaps Technology, commented: 

 “Securing the RSPCS license is a proud moment for Paycaps. It reflects our unwavering commitment to compliance, innovation, and merchant success. With this license, we are ready to empower SMEs, startups, and enterprises across the UAE with trusted, future-ready payment solutions.” 

 Driving the UAE’s Digital Transformation 

 The UAE is at the forefront of digital transformation in financial services, and the CBUAE’s licensing framework is designed to build a world-class fintech ecosystem. With this authorization, Paycaps is positioned to contribute directly to the country’s Vision 2031 strategy, enabling: 

• Seamless adoption of digital payments in the UAE. 

• Greater support for SMEs and e-commerce businesses. 

• Scalable, secure infrastructure that fuels fintech innovation in the region. 

 Paycaps’ Journey of Innovation 

 Since its inception, Paycaps has been focused on simplifying payments and building trust through technology. The company’s foundation was shaped by fintech pioneers and a forward-looking technical vision, which continues to guide its growth today. 

 With the CBUAE RSPCS license, Paycaps is not just recognized as compliant – it is now fully equipped to scale across the UAE and the wider Middle East, empowering businesses with secure, innovative payment gateway solutions. 

 Looking Ahead 

 This achievement is more than a regulatory milestone. It marks the beginning of Paycaps’ next phase of growth, where innovation and customer success remain central. Businesses across the UAE can now rely on Paycaps as a licensed payment provider, confident in its ability to deliver reliable, compliant, and cutting-edge solutions. 

 🔗 Discover more about our solutions at www.paycaps.com.