Jingle Pay
A spending account and remittance marketplace for the UAE's expat workers, many of them shut out of the country's banks.
Fee-free AED spending account and prepaid Mastercard for UAE expats, with remittances to 160+ countries.
- Who holds it
- A licensed payment institution holds your balance in a safeguarding account — DFSA-licensed payment institution (Category 3C money services: payment account and stored value, DIFC).
- The ledger
- The payment institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Jingle Pay’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · immigrants & migrants |
| HQ | Dubai, AE |
| Founded | 2019 |
| Custody | Custodial |
| Regulation type | Payment institution |
| License detail | DFSA-licensed payment institution (Category 3C money services: payment account and stored value, DIFC) |
| Card | MC · Prepaid |
| Stablecoins | No |
| KYC | Yes |
| Active regions | MENA |
| Countries | UAE |
| Founders | Amir Fardghassemi |
| Funding | MoneyGram 12%, Bank Alfalah 9.9% |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @jinglepay ↗
Common questions about Jingle Pay
What is Jingle Pay?
Jingle Pay is a fiat neobank built for immigrants & migrants, headquartered in Dubai, AE and founded in 2019. Your money is held custodially, so Jingle Pay or its partner bank holds the balance and you hold a claim on it. It is regulated as a payment institution (DFSA-licensed payment institution (Category 3C money services: payment account and stored value, DIFC)).
Does Jingle Pay have a card, and where can you use it?
It issues a Mastercard prepaid card. It is available in MENA.
Does Jingle Pay require KYC?
Yes. Jingle Pay requires identity verification (KYC) to open an account, as a payment institution.
Head-to-head
Peers
Wise · Telda · Wio Bank · Zand · YAP · Liv.
Jingle Pay appears in
Neobanks authorised as payment institutions (14) · Neobanks that require identity verification (349) · Neobanks available in MENA (91) · Neobanks for immigrants and migrants (14) · Neobanks that issue a Mastercard (154) · Neobanks in UAE (15)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.