Pypl

Company announcement/regulation

ADGM slaps $486K penalty on Pypl for AML violations

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has imposed a financial penalty of USD 486,000 (AED 1,784,835) on Pyypl Ltd (Pyypl), a licensed money service provider operating in ADGM, because, during the period from March 2021 to November 2022, Pyypl’s compliance with applicable Anti-Money Laundering (AML) requirements was inadequate and it acted outside the scope of its Financial Services Permission.

04 October 2023

Company announcement/wealth

Pyypl rolls out micro-investment platform for self-employed entrepreneurs and micro-SMEs in Africa

Pyypl - pronounced “people” – the international payment technology and financial services provider using blockchain in its core systems, announces the commercial rollout of its social, micro-investment platform for self-employed entrepreneurs and micro-SMEs in Africa.

26 April 2023

Company announcement/payments

UAE-based blockchain payments startup Pypl raises $11 million

One of the region’s fastest growing FinTechs, Pyypl (pronounced “People”), announces it has closed a US$ 11 million series A financing round with participation from a diverse group of international family offices and HNWI’s.

10 February 2022