Written by
Atif Nader
About Author
A native of the UAE with over a decade in the casino industry, Atif Nader stands as a leading voice in iGaming. Graduating from the University of Dubai, he seamlessly merged academic brilliance with his passion for gaming. As a vital contributor to Dubai Casinos, Atif's expert insights guide users throughout their gambling journey, ensuring trustworthiness and strategic play. With Atif on board, you're in expert hands.
Last Update
23 days ago
Last update:
PayBy Secures GCGRA License to Operate in UAE Gaming Market
PayBy License in UAE
PayBy Technology Projects LLC, a leading fintech company based in the UAE, has been granted a gaming-related vendor license by the General Commercial Gaming Regulatory Authority (GCGRA).
This new development allows PayBy to provide financial services to GCGRA-licensed commercial gaming operators in the country.
This license positions PayBy as the first fintech firm authorized to operate within the UAE’s emerging commercial gaming framework, and it is already featured on TrueWin.
The company, already recognized for its innovative payment solutions, now has the green light to support licensed gaming operators with advanced financial services, including:
- Digital Wallets: Enabling cashless, secure transactions for players and operators.
- Secure Payment Processing: Ensuring seamless, fast, and fraud-protected payment flows.
- Fraud Detection Systems: Leveraging technology to prevent financial irregularities.
A Strategic Expansion in the UAE Market
PayBy’s entry into the regulated gaming sector aligns with the UAE’s efforts to establish a structured commercial gaming industry.
The company has been a key player in the UAE’s digital economy, offering payment solutions across various sectors, including retail, e-commerce, and now gaming.
This milestone follows other significant achievements, such as the company’s Stored Value Facility (SVF) and Retail Payment Services (RPS) licenses issued by the Central Bank of the UAE in early 2023.
Looking Ahead
As the UAE’s online casino market evolves under the GCGRA’s oversight, PayBy’s role is poised to expand significantly. By securing its place as a licensed fintech provider, the company is well-positioned to cater to the specific financial needs of online casinos, ensuring seamless and secure transactions for operators and players alike.
The integration of PayBy’s advanced payment solutions—such as digital wallets, secure payment gateways, and fraud detection systems—into online casino platforms will play a critical role in establishing trust and efficiency in this nascent industry.
