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Company Overview

Status of registration:


Business activities:

Software House

Technology Research & Development

Registered Number:


Registered offices:

Unit 1304-B , Level 13, Emirates Financial Towers, Dubai International Financial Centre, Dubai, , United Arab Emirates

Company Information


PayNest Fintech Ltd

Trading Name:

PayNest Fintech

Status of Registration:


Type of License:

Non Regulated

Legal Structure:

Private Company

Date of Incorporation :

26 05 2021

Commercial License Validity Date:

25 05 2023


Murtaza Abedin


Murtaza Abedin

Company Secretary:

Salman Abedin

DNFBP: DIFC Designated Non-Financial Businesses and Professions

Not Applicable

Financial Year End:

19th May

Share Capital:

10000 issued shares of Class Class A with a nominal value of AED 1 per Share

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Data Protection

Data Protection Officer Appointed:



Personal Data Processing Operations:


Transfer of Personal Data from the DIFC:


Processing of Special Categories of Personal Data:


Purpose for the Personal Data Processing:

Administration of Membership Records, Information & Data Bank Administration

Data Subjects or class of Data Subjects whose Personal Data is being processed:

Clients & Customer

Description of the Class of Personal Data being Processed:

Basic customer identification information such as name, email, contact number, etc, while also collecting data points on the amounts of payments due on each customer from the respective merchants.

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List of Jurisdictions to which Personal Data may be transferred:

Not Applicable

Former Properties

Shareholders :

Salman Abedin until 07 February 2022

Qurat Ul Ain Abedin until 07 February 2022

Naz Abedin until 07 February 2022

Hafiz Bux Muhammad Salek Abedin until 07 February 2022


Salman Abedin until 06 September 2022

Qurat Ul Ain Abedin until 06 September 2022

Naz Abedin until 06 September 2022

Hafiz Bux Muhammad Salek Abedin until 06 September 2022

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