OSON prepares MENA wallet launch with new fintech platform

OSON, a fintech holding company operating across Central Asia and the UAE, has completed a new digital architecture to support the launch of a multi-currency wallet in the Middle East and North Africa, as part of a wider international expansion planned through 2026.

The company said the next-generation platform replaces legacy systems with a modular, API-driven infrastructure designed to handle cross-border payments, regulatory compliance and scalable financial services across multiple jurisdictions. OSON processed more than 30 million transactions in 2025.

As part of its regional expansion, OSON has established its global headquarters at the Dubai International Financial Centre, where it has received in-principle approval from the Dubai Financial Services Authority and is working toward full regulatory authorisation. The Dubai base will coordinate regulatory engagement, product localisation and partnerships across the GCC and wider MENA region, while also acting as a link between Central Asia and Middle Eastern markets.

The company operates a distributed development model, with engineering hubs focused on mobile wallets and infrastructure in Kazakhstan, high-volume payment processing in Uzbekistan, regulatory technology and GCC localisation in the UAE, and testing and optimisation in Kyrgyzstan and Tajikistan. 

Alongside consumer products, OSON is expanding its payments-as-a-service offering for banks and fintechs. Through a single API, partners can access cross-border remittances, digital service aggregation, identity verification and embedded connectivity tools, aimed at shortening product development cycles.

Looking ahead to 2026, OSON plans to roll out its multi-currency wallet in selected MENA markets, introduce AI-driven compliance automation tailored to GCC regulations, and deploy white-label eSIM solutions for financial institutions. The company said it is also preparing its systems to meet regulatory requirements for potential expansion into additional markets, including the United States.