Ruya Signs MoU with Remi to Explore Cross-Border Payments and Remittances

UAE-based digital Islamic bank Ruya  has signed a Memorandum of Understanding (MoU) with fintech company Remi  to explore opportunities in cross-border payments, remittances and financial technology.

The agreement marks the beginning of a strategic collaboration aimed at assessing how the two companies can leverage innovation to improve international payment experiences for both individuals and businesses. The partnership will explore solutions designed to make cross-border transactions faster, more transparent and more seamless.

According to Ruya, the collaboration will focus on identifying opportunities where responsible innovation can enhance the efficiency of cross-border financial services while supporting evolving customer needs in the digital payments ecosystem.

The bank noted that the MoU is exploratory in nature, with any future initiatives or commercial partnerships remaining subject to the necessary commercial, regulatory, compliance, legal and Shari’ah approvals before implementation.

The announcement reflects the growing interest among banks and fintech companies in partnering to modernize cross-border payment infrastructure, improve remittance services and expand access to more efficient international financial solutions.