Hubpay/Aquanow: UAE’s First Regulated Crypto Payment Gateway
Hubpay – the UAE’s leading FX platform – empowers businesses and expats with secure and efficient international payment solutions.
In partnership with Aquanow – a leading institutional digital asset platform – the two have launched a UAE first with their new fully regulated crypto payment gateway for businesses and SMEs.
The collaboration allows businesses across sectors to accept cryptocurrency payments securely and seamlessly alongside traditional flat transactions.
With Aquanow regulated by Dubai’s Virtual Asset Regulatory Authority (“VARA”), and Hubpay regulated by the Financial Service Regulatory Authority (“FSRA”), in the Abu Dhabi Global Market (“ADGM”), the partnership can offer its users regulated crypto payments for UAE businesses globally.
Kevin Kilty, CEO and Founder of Hubpay, says: "We are thrilled to partner with Aquanow to launch the UAE’s first fully regulated crypto payment gateway for businesses. This collaboration marks a significant milestone for Hubpay as we expand our cross-border payment solutions across sectors.
“Stablecoins are a game-changer, combining the security of traditional currencies with the speed of digital assets. By integrating Aquanow’s infrastructure with our regulated network, we’re empowering businesses to transact seamlessly in both fiat and crypto—advancing the UAE’s agenda to drive economic diversification, foster fintech innovation, and position itself as a global hub for digital assets."
Phil Sham, CEO of Aquanow adds: “We’re excited to collaborate with Hubpay to bring real-world utility to digital assets in the MENA region.
“Cryptocurrency is no longer just an investment tool. It’s a practical, efficient means of conducting high-value transactions. By integrating our technology with Hubpay’s regulated payments framework, we are removing friction from large-scale transactions for buyers, sellers, and investors alike.”
A boost for the UAE’s position in the global fintech market
With this partnership, the two further boost the UAE’s position as a leader in the global fintech market.
By integrating Aquanow’s digital asset infrastructure with Hubpay’s regulated payment network, both local and global users can seamlessly transact in cryptocurrencies within a familiar payments environment.
A sector that particularly benefits from this partnership is real estate. The industry is experiencing unprecedented growth in the region.
As the demand for flexible payments rises, it is said that the ability to complete property transactions using cryptocurrencies will ensure faster settlement times, reduce transaction fees and improve financial accessibility for international buyers.
In addition, the implementation of a crypto payment gateway will enable SMEs to streamline cross-border payments, reduce transaction costs and improve cash flow management by reducing settlement delays and minimising currency conversion fees.
The solution also allows SMEs to expand their customer base by catering to global markets that prefer digital assets.
This partnership aligns with the UAE’s push for economic diversification and fintech innovation, reinforcing Dubai and Abu Dhabi as global financial leaders.
By integrating regulated crypto payments, the UAE strengthens its position as a pioneering hub for digital finance, accelerating blockchain adoption and business flexibility in the region.
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