UAE Auras Technologies launches Aurus Pay for merchants

UAE based AURAS Technologies MENA FZCO, a Dubai-based firm that is specialized in Distributed Ledger Technology (DLT) services, has launched AURAS Pay, a non-custodial decentralized payments platform that allows various merchants to accept and manage digital asset transactions directly and in a secure manner, with no intermediaries, no custody, and no transaction fees.

As per the press release, AURUS Pay, built under the Distributed Ledger Technology (DLT) Services License framework of the Dubai Multi Commodities Centre (DMCC), offers businesses with a “transparent” and compliant way to integrate blockchain / DLT payments without having to involve third-party control.

AURAS Pay operates as a subscription-based SaaS platform, enabling merchants to connect their own digital wallets to their e-commerce systems and process payments peer-to-merchant on-chain, ensuring transparency and independence.

Mazen Alshareef, Founder and CEO of AURAS Technologies MENA FZCO, commented that AURAS Pay is built on “the principle of direct, independent transactions.” Their stated goal is to “make blockchain adoption simple, secure, and truly decentralized — empowering merchants without intermediaries or custodianship.”

The firm said that it emphasizes that AURAS Pay focuses primarily on the technological infrastructure layer of blockchain and not on financial or custodial activity. All transactions occur directly between merchants and customers, maintaining the “integrity of decentralization and full user ownership.”

The firm explained that it aims to develop more secure, non-custodial infrastructure and software services that are designed to “support decentralized applications and blockchain adoption across the region.”