How to Start E-Banking business in Dubai, UAE with Meydan Free Zone

E-banking isn’t just the future, it’s how most of us manage our money already.

From fund transfers on a banking app to scheduling utility payments, or scanning QR codes at a checkout, e-banking is everywhere imaginable. And if you’re thinking of launching your own e-banking platform in the UAE? An e-banking business in Dubai is your test-and-launch playground.

This activity lets you build digital banking solutions that make managing finances easier. Think creating mobile banking dashboards, smart e-wallets, payment gateway integrations, or intuitive apps that help people manage their money on the go.

E-banking - 6619.95

E-banking is a business activity that covers digital tools and platforms that support how people and businesses interact with money, without you acting as a bank yourself.

In simple terms: you’re building the tech behind finance. With an e-banking license, you can create mobile dashboards, budgeting tools, multi-currency wallets, expense trackers, or platforms that help entrepreneurs send invoices and track payments. You can also develop backend infrastructure for digital wallets, embedded finance tools, or dashboards that display real-time account data.

This activity is perfect for those building smart fintech solutions that improve how users view, move, or understand their money, whether that’s individuals, SMEs, or larger businesses.

But there are limits.

You're not allowed to hold or manage customer funds, offer credit or loans, accept deposits, issue financial products, or act as a financial advisor. In short: you're not a bank. You can’t process credit card transactions yourself, pool investor capital, or take on any fund management responsibilities.

Think of yourself as the engine behind the experience, not the provider of the financial product. If you're ready to build the tools that shape the future of digital finance, without becoming a financial institution yourself, e-banking gives you the license to lead.

Third party Approval:

You’ll need to get Central Bank of the UAE (CBUAE) approval before your license is issued. This is mandatory and handled during the pre-licensing stage.

Anti-Money Laundering Compliance:

Business activity 6619.95 is exempted from this requirement.