OSON X, a UAE-based app catering to Central Asian residents, is actively seeking banking and infrastructure partners to enhance the payments corridor between the UAE and Central Asia. This initiative is being showcased at the Dubai FinTech Summit, which wraps up today, highlighting the growing importance of cross-border financial services in the region.
OSON X’s Ambitious Plans for Payments Corridor
OSON X is operated by Oson DIFC Limited, which is regulated by the Dubai Financial Services Authority (DFSA). The company holds a payments and stored-value license, allowing it to facilitate money services, payment accounts, and payment instruments. Currently, the platform supports transfers between the UAE and several Central Asian countries, including Uzbekistan, Kazakhstan, Kyrgyzstan, and Tajikistan, in both directions.
The app is in its pilot phase, with a limited group of users testing its features. New customers can quickly complete biometric Know Your Customer (KYC) verification online, enabling them to top up their accounts, make cross-border transfers, and utilize a virtual card. A physical card is also in the works for future release.
Key facts
- OSON X is seeking banking and infrastructure partners for the UAE–Central Asia payments corridor.
- The company is meeting potential partners at the Dubai FinTech Summit, which concludes today.
- OSON X is operated by Oson DIFC Limited, regulated by the DFSA, with a license issued on March 23, 2026.
- The platform currently facilitates transfers between the UAE and Uzbekistan, Kazakhstan, Kyrgyzstan, and Tajikistan.
- New users can complete online KYC verification in about two minutes.
- OSON serves over three million clients across Uzbekistan and Central Asia.
Implications for UAE Residents and Businesses
The establishment of a payments corridor between the UAE and Central Asia is significant for residents and businesses engaged in trade or personal transactions across these regions. With OSON X facilitating faster and more efficient money transfers, individuals and companies can expect reduced transaction times and costs. The app’s ability to support multiple currencies and its planned physical card will enhance accessibility for users, making it easier for them to manage their finances across borders.
For businesses, partnering with OSON X could open up new avenues for growth by tapping into the Central Asian market, which is increasingly important for UAE investors and entrepreneurs. The collaboration with banking and infrastructure partners will further strengthen the financial ecosystem, ensuring robust support for cross-border transactions.
What happens next
- OSON X is currently in the pilot phase, with plans to expand its user base.
- Prospective banking and infrastructure partners can discuss collaboration opportunities at Stand 12 during the Dubai FinTech Summit.
OSON X’s efforts to develop a payments corridor underscore the UAE’s role as a financial hub connecting the Middle East with Central Asia.