Lianlian DigiTech (HKG:2598) obtained a category 3D payment license from the Dubai Financial Services Authority, according to a Tuesday filing with the Hong Kong Exchange.
Shares of the digital payment firm were down over 3% in Wednesday morning trade.
The license allows the company to provide payment services in the Dubai International Financial Centre, including payment accounts, payment transactions, and payment initiation services.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.