OSON X Seeks UAE Banking and Infrastructure Partners for Central Asia Corridor in Dubai
OSON X, a Dubai-based payments operator, is actively seeking banking and infrastructure partners to develop a financial corridor between the UAE and Central Asia, aiming to enhance money transfer services.
OSON X, the UAE app from OSON, is looking to establish significant partnerships with banking and infrastructure entities to build a robust financial corridor connecting the UAE with Central Asia. The company, which is licensed by the Dubai Financial Services Authority (DFSA) and operated by Oson DIFC Limited (reference F006764), will be meeting prospective partners at the Dubai FinTech Summit on November 2-3.
What OSON X Offers and Seeks
OSON X operates a platform designed for individuals from Central Asia to facilitate money transfers, payments, and card usage within a single application, supporting Uzbek, Russian, and English languages. The app is currently in a pilot phase with a limited user group.
For Banking Partners: OSON X is seeking banking relationships to manage and transfer funds along the corridor, including:
- Holding accounts
- Settlement services
- Foreign exchange (FX) capabilities
For Infrastructure Partners: The company requires support for various aspects of its operations, such as:
- Card programmes
- Know Your Customer (KYC) processes
- General payment infrastructure
"We have the licence, the corridor and a product in pilot. What we are looking for now is the banking and infrastructure partners who want to build the rails for this corridor with us," said Makhmudov Farkhod, Founder & CEO, OSON.
How the Service Works
New users can complete an online biometric KYC process in approximately two minutes using basic data. They can top up their accounts via a UAE bank card or IBAN/SWIFT, send corridor transfers, and use a virtual card, with a physical card expected to follow.
Partners joining now will have the opportunity to influence the development of the corridor, helping to shape its design and operational framework.
Questions, answered
- What is OSON X?
- OSON X is a UAE app from OSON designed for people from Central Asia to send money, make payments, and use a card within a single application. It is operated by Oson DIFC Limited and regulated by the Dubai Financial Services Authority (DFSA).
- What kind of partners is OSON X looking for?
- OSON X is seeking both banking partners for holding accounts, settlement, and FX services, and infrastructure partners for card programmes, KYC, and payment rails to establish the UAE — Central Asia corridor.
- When and where can potential partners meet OSON X?
- Potential partners can meet the OSON X team at stand 12 during the Dubai FinTech Summit, which will take place on November 2-3 in Dubai.
- What is the user onboarding process for OSON X?
- New customers can complete an online biometric KYC process in about two minutes using basic data. Funds can be topped up via a UAE bank card or IBAN/SWIFT, enabling corridor transfers and virtual card usage.
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.
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