TechFlow, May 10 — According to The Fintech Times, trading platform eToro has integrated the UAE's national digital identity system, UAE PASS, into its registration process to streamline onboarding and verification for users in the United Arab Emirates.
The integration will enhance security and accelerate account creation, allowing users to instantly verify proof of identity and address through the UAE PASS app. This move is part of eToro’s broader localization strategy in the Middle East and North Africa region, complementing the launch of its Abu Dhabi office and support for local stock exchanges.
A recent eToro survey of 1,000 UAE retail investors found that 87% now rely on fintech platforms to manage their finances, with 26% using only fintech providers and 36% utilizing them for most of their financial activities, reflecting the country’s rapid shift toward digital financial solutions.
