Revolut has received stored value facilities and retail payment services (Category II) licenses from the Central Bank of the UAE (CBUAE), completing its regulatory authorisation process following in-principle approval granted in September 2025.
The fintech, which serves more than 75 million customers globally, is now finalising its UAE product offering ahead of launch, adapting its platform to meet local regulatory requirements.
Once operational, Revolut aims to offer UAE customers multi-currency accounts, local and international payments, and physical and virtual cards through a single app. GCC chief executive Ambareen Musa described the UAE as one of the world's most forward-looking financial markets and said the licenses reflect the company's commitment to the highest regulatory standards.
UAE Ministry of Investment Undersecretary Mohammad Abdulrahman Alhawi said the approval underscores the strength of the country's financial regulatory framework and its growing international fintech ecosystem.
Gulf Economist Staff Writer