Name
Aspora Money Services Limited
Legal Status:
Non-DIFC Company
DFSA Reference Number:
F008914
Address
GA-00-SZ-L1-RT-173, Level 1, Gate Avenue - South Zone, DIFC, Dubai, UAE
Telephone Number
Date of Licence
28-Jan-2026
Endorsements
Carrying on authorised Financial Services with or for Retail Clients Holding or Controlling Client Assets
Financial Service
Investments
Providing Money Services
Issuing Payment Instruments, Issuing Stored Value
Advising or Arranging on Money Services
Providing a Payment Initiation Service, Making arrangements for another Person to receive Money Services
Arranging Custody
Certificates, Shares, Units
Arranging Deals in Investments
Certificates, Shares, Units
Conditions
This Licence shall have effect on the date specified above subject to the conditions and restrictions prescribed below.
Conditions:
Disclosure of testing status
1. The Licensee must disclose prominently on its website and Platform, in any written communication that it provides to a Client or potential Client, and in any form of electronic media that it makes accessible to a Client or potential Client, that:
(a) its Licence is a restricted “Innovation Testing Licence'' and it is restricted under the Licence to testing its Services; and
(b) due to the restricted nature of its Licence, normal requirements and Client protections may not apply and Clients may have limited rights if they suffer loss as a result of taking part in testing of its Services.
Test Plan
2. The Licensee must ensure that it complies with its programme for testing its Services as set out in its Test Plan.
Exit Strategy
3. No later than one month after the end of the Testing Period, the Licensee must submit to the DFSA either:
(a) a duly completed application to remove the restrictions on its Licence, that includes all information necessary to demonstrate to the DFSA that it can meet the requirements to hold an unrestricted Licence; or
(b) a request in writing to withdraw its Licence.
4. In the event the Licensee submits an application to the DFSA to remove the restrictions on its Licence and the DFSA rejects that application, the Licensee must no later than one month after it is notified by the DFSA of the rejection, submit a request in writing to the DFSA to withdraw its Licence.
Restrictions
Restrictions on Financial Services that may be provided:
5. The Licensee is restricted to providing the following Money Services:
(a) Issuing Stored Value
(b) Issuing Payments Instruments
6. The Licensee is restricted to Arranging and Advising on Money Services for the following activity:
(a) Providing a Payment Initiation Service
(b) Making arrangements for another Person to receive Money Services
Restrictions on Endorsement
7. The Licensee is not permitted to hold or control Client Investments or Client Crypto Tokens.
Activities restricted to testing of Service
8. The Licensee must not carry on a Financial Service under the Licence except for the purpose of testing its Services.
9. The Licensee may test its Services only during the Testing Period.
Restrictions relating to Clients that may take part in testing
10. The Licensee must ensure that it conducts testing of its Services with no more than:
(a) 100 Clients in total during Phase One;
(b) 400 Clients in total during Phase Two (with that total including any Clients from Phase One); and
(c) 1000 Clients during Phase Three (with that total including any Clients from Phase One and Two).
11. The Licensee must ensure that it conducts testing of its Services only with Clients who are residents of the UAE.
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