Revolut has received Stored Value Facilities and Retail Payment Services licences from the Central Bank of the UAE, clearing a major regulatory step before the global fintech launches its local product offering.
The approval follows in-principle approval granted by the Central Bank in September 2025 and marks the completion of Revolut’s regulatory licensing process in the UAE.
Revolut, which has more than 75 million customers worldwide, said the licences are a key milestone in its expansion across the UAE and the wider Middle East.
Once live, the company will offer customers in the UAE access to its global financial platform, enabling them to hold and manage multiple currencies, make payments with physical and virtual cards, and send money locally and internationally through a single app.
The licences move Revolut closer to offering services designed for the UAE’s large international population, where residents often manage money across different currencies, countries and banking systems.
The company said its focus will now shift to building and preparing its local product offering ahead of a full-scale launch.
Revolut is also investing in technology, operations and local capabilities to ensure its UAE product meets regulatory requirements and fits the needs of customers in the market.
