EastNets receives license from DIFC

Payments and compliance solutions provider says license will allow it to better serve Dubai clients.

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By  Martin Morris Published  April 5, 2009

EastNets, the payments and compliance solutions provider for financial institutions and government agencies, has received a license from the Dubai International Financial Centre (DIFC) to operate out of the financial district and serve firms located within it.

The company, which has its global headquarters in Dubai, says the license will allow it to better serve the region's leading banking and financial institutions, which are based within the financial district.

EastNets has steadily built its presence in the Middle East over the last 25 years, becoming a market-leading provider of services and solutions. Today, over 850 financial institutions and corporations use its solutions and services.

"Technology is one of the key drivers of innovation and growth within the financial industry.

''As a leading provider of payments and compliance solutions and services in the region, EastNets will enrich the pool of world-class technology services that financial institutions can access from within DIFC,'' said Nasser Al Shaali, CEO of DIFC Authority.

Hazem Mulhim, CEO, of EastNets, said: "We are delighted to have been awarded this license by DIFC, as it will allow us to strengthen our commitment to serving our clients throughout this region as well as further reach out to new customers seeking localised services and solutions to improve operations, cut costs and reduce risk exposure.’’

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