Credit Passport
Home Local News UAE Launches Credit Passports For Expats, Here’s Everything You Must Know
Local News

UAE Launches Credit Passports For Expats, Here’s Everything You Must Know

Are you dreaming of settling in the UAE? If yes, then Habibi, moving to the futuristic country is now possible- since UAE has launched a new type of passport. Yep, you read that right. Expats willing to settle in the country can apply for Credit Passport, and here’s everything you must know.

Applying for a credit passport lets you use the credit history accumulated in your home country when you apply for financial services on arrival in the UAE. Al Etihad Credit Bureau (AECB) has partnered with the consumer-permission credit bureau Nova Credit, and this service will be available for expats from India, the Philippines, and the United Kingdom; for now. It will be rolled out soon in other countries.

This passport will let the creditlenders understand and analysde your credit history while issuing credit cards, loans and other credit-related services. On this, Misha Esipov, co-founder and CEO of Nova Credit, said,
“Building a borderless financial system has been our guiding vision since our inception, and by bringing the Credit Passport to new parts of the world, we are one step closer to making this a reality.

This new passport system will not only benefit the expats but also the financial companies, since it will make the financial process smoother and quicker.

1 Comment

Leave a Reply

Related Articles

Children’s City Summer Camp Returns With Purposeful Fun and Learning in Dubai

With school out and temperatures rising, Dubai Municipality has officially launched the...

Qatar Airways sets new inflight standard with Starlink connectivity

Qatar Airways has taken a significant leap in in-flight innovation by introducing...

Saudi Arabia Tops Global Tourism Spending Surge in Q1 2025

Saudi Arabia is making global headlines after being ranked first for growth...

Dubai to Build 40 New Mosques in 2025 with AED150 Million Budget

In a city known for its innovation and fast-paced development, spiritual spaces...