Astra Tech

Company announcement/payments

Astra Tech obtains Mastercard principal membership license

Astra Tech’s PayBy, a Central Bank-UAE licensed Fintech offering a variety of financial technology services, has achieved a significant milestone in the MENA region fintech space by becoming one of the first fintech player to obtain a Mastercard principal membership license.

14 March 2023

Company announcement/payments

UAE's Astra Tech scores Mastercard principal membership

Astra Tech's PayBy, a Central Bank-UAE licensed Fintech offering a variety of financial technology services, has achieved a significant milestone in the MENA region fintech space by becoming one of the first fintech player to obtain a Mastercard principal membership license.

13 March 2023

Company announcement/regulation

AstraTech's PayBy is first to receive both the SVF and RPS licences from the UAE Central Bank

PayBy, a leading fintech innovator recently acquired by Astra Tech in August 2022, has been licensed by the Central Bank of the UAE to conduct Stored Value Facility (SVF) and Retail Payment Services (RPS) operations.

05 January 2023