Fintech holding Oson has officially received a license to establish a neobank in the United Arab Emirates. The group’s press service reported this to Spot.
On March 23, the Dubai Financial Services Authority granted Oson DIFC Limited, registered in the Dubai International Financial Centre, Authorized Firm status. This allows it to provide regulated financial and payment services in the UAE.
Specifically, it received the right to open payment accounts, manage user funds, and serve retail and corporate clients. The holding company described this status as the finale of “a crucial stage of international expansion.”
The license provides Oson with the “legal and technological basis to launch a full-fledged international neobank” and to introduce new financial products to the market.
Within five months of receiving preliminary approval from the DFSA, Oson implemented internationally recognized compliance and anti-money laundering (AML) systems. The holding also signed partnership agreements with local banks.
Oson founder and CEO Farkhod Makhmudov described the DFSA license as “the foundation for global expansion.” By the time it entered the Middle East, the company already had a user base of 3 million and experience in creating fintech products, he emphasized.
Makhmudov also announced the launch of a number of new products this year, including the “completely new Oson wallet” and new cash-out terminals .
The DFSA granted Oson preliminary approval to operate in the UAE in October 2025. The company described this as a preliminary step toward obtaining a 3C license to operate multi-currency wallets and cross-border payments, as well as to build a B2B fintech infrastructure.
Thanks to the decision, Oson gained access to the DIFC system. The holding announced plans to create a dedicated structure there, which will serve as a hub for international operations and a gateway to markets in the Middle East and North Africa.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
