# Davis Parakal

> Davis Dominic Parakal is Remitly’s UAE CEO and General Manager for the GCC, based in Dubai. His career spans telecom engineering and digital banking at MobME, consumer products at Lulu Money, and leadership at BFC Payments. In 2026 his public work includes Remitly’s UAE regulatory milestone, a proposed D360 Bank collaboration and advocacy for clearer remittance disclosures.

- **Role:** CEO, UAE & General Manager, GCC at Remitly
- **Organizations:** Remitly, BFC Payments, Lulu International Exchange, MobME Wireless Solutions, Dot point software
- **Education:** Computer Science (field of study; degree designation unverified), University of Calicut, Project Management (postgraduate study; degree designation unverified), Coventry University
- **Known for:** Reports building MobME’s Digital Banking Labs team to 60 people., Led BFC Payments during the public introduction of the Travel Buddy multi-currency card., DFSA register lists him as Licensed Director and Senior Executive Officer of Remitly (DIFC) Limited, effective 13 May 2026.

## Career timeline

- **2009** — Co-founded Dot point software and led development of an education ERP product, according to his XING profile.
- **2009-2010** — Software engineer in telecom at MobME Wireless Solutions.
- **2011-2014** — Engineering Project Manager for telecom at MobME.
- **2014-2018** — Head of Digital Banking Labs at MobME; his profile reports building a 60-person team.
- **2017-2018** — Product Head at MobME, developing a customer-experience management product.
- **2018** — Joined Lulu International Exchange as Head of Digital Products in December.
- **2021** — Named Head of Business Development, Strategic Partnerships & Innovation at BFC Payments in its app announcement.
- **2022-2024** — Public announcements and interviews identify him as General Manager of BFC Payments.
- **2026** — Identified as UAE CEO and GCC General Manager at Remitly; DFSA authorisation effective 13 May 2026.

## Achievements

- Reports building MobME’s Digital Banking Labs team to 60 people.
- Led BFC Payments during the public introduction of the Travel Buddy multi-currency card.
- DFSA register lists him as Licensed Director and Senior Executive Officer of Remitly (DIFC) Limited, effective 13 May 2026.
- Represented Remitly publicly during its 2026 UAE licensing milestone and proposed Saudi collaboration.

## Latest updates

- **2026-10** — Published an opinion article advocating clearer remittance labelling on 14 October.
- **2026-10** — Public LinkedIn activity records participation in Fintech Forward 2026 discussions about trust and fraud.
- **2026-09** — Remitly announced a D360 Bank memorandum of understanding on 14 September to explore cross-border transfers and Saudi bank-account payouts.
- **2026-07** — Remitly announced its CBUAE Stored Value Facilities licence with Exchange Business Category IV; its release identifies him as UAE CEO.
- **2026-05** — Remitly announced its Abu Dhabi office; the DFSA register separately dates his authorisation to 13 May.

## Links

- Website: https://about.me/davisp
- LinkedIn: https://www.linkedin.com/in/davisparakal
- Twitter/X: https://twitter.com/Davisparakal
- GitHub: https://github.com/davis-parakal
- Facebook: https://www.facebook.com/parakal.davis

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Profile page: https://yespress.io/davis-parakal
Published by YesPress — https://yespress.io
Last updated: 2026-10-22