July 17th news, recently, the Middle East market cross-border e-commerce company Jollychic (JollyPaic) payment platform JollyPay (practice payment) officially obtained the UAE related payment license, becoming the first batch of companies to obtain such licenses in the UAE.

Founded in 2017, JollyPay specializes in payment system construction and services. It has independently built its own payment system and wind control system, and can provide a full-link payment solution. The core members of the team have extensive experience in overseas and localization. Currently, JollyPay has established subsidiaries in Hong Kong, the United Arab Emirates and Saudi Arabia, focusing on paying business to serve local customers.

Not long ago, the UAE cabinet approved the opening of a foreign-funded license to more than 100 economic activities such as e-commerce. JollyPay has obtained the UAE-related payment licenses through technology research and development, market practice, and a set of mature mobile payment solutions to help them build a new ecosystem of “One Belt, One Road” mobile e-commerce.

In response to the follow-up strategic development plan, JollyPay Chief Operating Officer Liu Yang said: JollyPay will continue to implement the “Belt and Road Initiative” initiative, relying on Jollychic's years of experience and user accumulation in the Middle East market, and successively set up branches in the Gulf Cooperation Council countries to join hands with the local government. Establish a “no-cash society” to create a new financial ecosystem in the Middle East.