KARM Legal Consultants Advised PhotonPay On UAE Market Entry And DFSA Licensing
KARM Legal Consultants advised PhotonPay on UAE Market Entry and DFSA Licensing
The UAE-based boutique law firm, KARM Legal Consultants advised PhotonPay on its strategic expansion into the United Arab Emirates, providing comprehensive end-to-end legal advisory support, including market entry strategy, regulatory structuring, and successful procurement of a Category 3D licence from the Dubai Financial Services Authority (DFSA).
The engagement involved aligning PhotonPay’s commercial objectives with the UAE’s regulatory framework and ensuring a scalable and compliant operating model. KARM Legal Consultants assisted PhotonPay throughout the licensing process, regulatory engagement, and establishment of governance structures to support long-term operational resilience.
Obtaining DFSA authorisation is a rigorous and highly selective process. The successful grant of the Category 3D licence underscores PhotonPay’s strong compliance framework, robust governance standards, and operational readiness to operate within Dubai’s highly regulated financial ecosystem.
KARM Legal Consultants provided strategic guidance across all stages of the process, ensuring clarity, precision, and regulatory foresight in structuring PhotonPay’s UAE operations. The firm continues to support PhotonPay as it strengthens its presence in one of the world’s most dynamic and fast-evolving payments markets.
The advisory team at KARM Legal Consultants comprised Akshata Namjoshi (Equity Partner), Arjun Uppal (Associate Partner), Vaibhavi Tadwalkar (Senior Associate), Ahlam Faouzi (Associate), and Harsh.
KARM Legal Consultants congratulated PhotonPay’s leadership team, including Aamir Quraishi and Alex Kaiming Liao (FICA CAMS), on achieving this significant milestone and reaffirmed its commitment to supporting the company in its future growth journey.
KARM Legal Consultants is a UAE-based boutique law firm specializing in emerging technologies, fintech, and data protection. Officially launched in 2018 at the Global Legal Forum, the firm has gained recognition for its "legality by design" approach, advising both private entities and government bodies on navigating complex digital regulations.
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