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The Abu Dhabi Investment Office (ADIO) has signed a partnership with Ant International, a global fintech company from Singapore, to help grow Abu Dhabi’s digital finance sector.
This agreement aims to give local businesses—especially small and medium-sized enterprises (SMEs)—access to advanced digital payment tools, improve financial inclusion, and connect Abu Dhabi more strongly to international markets.
Badr Al-Olama, Director General of ADIO, said that Abu Dhabi is an ideal place for fintech companies because of its strong digital infrastructure, clear regulations, and strategic location. He explained that the partnership will help create a more trusted, resilient, and well-regulated financial system.
Peng Yang, CEO of Ant International, said the company is excited to work with ADIO and bring its technology to support local businesses and connect them to growth opportunities worldwide.
As part of this move, Ant International has received In-Principle Approvals (IPAs) from the Central Bank of the UAE for two licenses: Stored Value Facilities (SVF) and Retail Payment Services and Card Schemes (RPSCS). These approvals will allow Ant International to offer services such as e-wallets, merchant payment systems, and both domestic and international money transfers.
The partnership supports the UAE’s “We the UAE 2031” vision, which focuses on digital transformation and building a strong, future-ready economy.
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