Collaboration aims to digitally transform the $200 billion regional remittance market and enable faster, cheaper cross-border money movement between peers
Dubai, United Arab Emirates – 12 December, 2025
Financial infrastructure provider Fuze has announced a strategic partnership with Remit Now, Pay Later platform Jazari. The collaboration aims to support cross-border money movement using compliant blockchain technology and help modernise the region’s $200 billion remittance market. Fuze and Jazari estimate that more than 30 million people across MENA, many of them underserved migrant workers, could benefit from real-time, low-cost remittance powered by regulated digital-asset infrastructure. In this manner, the partnership has strong potential to support national visions and initiatives that drive greater financial inclusion.
With fewer intermediaries, remittance through blockchain infrastructure is typically both faster and cheaper for customers. Traditional remittance systems take a global average of 6.2% in fees (according to the World Bank) – whereas blockchain rails can reduce this to less than 1%. Similarly, traditional remittance rails can take several days to clear, as opposed to near real-time settlement via blockchain rails.
Mo Ali Yusuf, CEO of Fuze said:Global remittance is likely to pass a trillion dollars in 2026 with up to 20% of that volume passing through the MENA region to other parts of the world. Our new partnership with Jazari will help customers at the edge of finance, enabling far more cost-effective remittance through blockchain technology.”
Hasnain A. Sheikh, CEO of Jazari added: “Our collaboration with Fuze brings us closer to delivering real-time, low-cost remittance for the millions of workers who depend on reliable financial access. By pairing our Remit Now, Pay Later innovation with Fuze’s compliant digital-asset infrastructure, we’re building a new standard for how money moves across borders. As we prepare for our UAE launch, our goal is to give migrant communities tools that are faster, safer, and designed around their real financial needs, both within the region and across the global corridors they support.”
The long-term partnership will focus on modernizing financial rails, improving cross-border value movement and support the rollout of new digital asset-enabled services in a phased manner. It aims to complement the region’s transformation of financial infrastructure and enhance inclusion, in line with government and central bank initiatives.
“Global remittance is likely to pass a trillion dollars in 2026 with up to 20% of that volume passing through the MENA region to other parts of the world. Our new partnership with Jazari will help customers at the edge of finance, enabling far more cost-effective remittance through blockchain technology.”
About Fuze
Fuze is MENA’s first-of-its-kind regulated digital assets infrastructure provider, offering financial institutions and businesses cutting-edge tools to integrate digital asset services securely and efficiently. Driven by a solutions-based approach, Fuze helps financial services providers to strategise, organise and implement digital assets infrastructure and quickly, securely launch regulated, world-class products across wealth and payments.
Fuze was founded by an expert team of fintech, traditional finance (TradFi) and decentralized finance (DeFi) leaders, with its co-founders holding extensive knowledge from experience in global hypergrowth businesses: the CEO, Mohammed Ali Yusuf (Mo Ali Yusuf) has held prominent roles at Checkout.com and Visa; Arpit Mehta (COO) was previously in the leadership team at fintech leaders like Simpl and Clear; Srijan Shetty (CTO) built algorithmic trading systems at Goldman Sachs and worked at tech leader Microsoft.
Fuze offers a Digital-Assets-as-a-Service infrastructure platform which enables banks and fintechs to embed regulated digital assets products in a B2B2C fashion. Additionally, Fuze provides an Over-The-Counter (OTC) service that supports institutions, funds, and HNIs (high-net-worth individuals) in executing large digital asset trades securely and efficiently.
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Disclaimer: The information contained in this press release is for general informational purposes only. Fuze and its subsidiaries, including Niobe Payment Services LLC SPC, are regulated under the Central Bank of the United Arab Emirates and operate in compliance with applicable laws and regulations. This press release does not constitute an offer to provide financial services or investment advice in any jurisdiction. Fuze does not guarantee the accuracy, completeness, or reliability of the information provided. Any financial products or services mentioned are subject to market risks, and past performance is not indicative of future results. Readers are strongly encouraged to seek legal, tax advice with an advisor before making any financial or investment decisions.
Media contact
Jonathan Ivan-Duke
Partner, duke+mir
jon@dukemir.com
+971582857333
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