Fintech company Revolut has secured two key licences from the Central Bank of the United Arab Emirates, marking a major step in its planned expansion into the Gulf region.
The company was granted a Stored Value Facilities licence and a Category II Retail Payment Services licence, completing its regulatory approval process after receiving initial clearance in September 2025.
The approvals allow Revolut to move forward with preparations for launching its services in the UAE, including developing its local product offering and expanding operational capacity in the country.
The firm has increased its presence in the UAE over the past year, investing in recruitment, infrastructure, and governance systems to support its regional operations.
Once launched, the platform is expected to allow users to manage multiple currencies, carry out domestic and international transfers, and use both physical and virtual payment cards through a single application.
Officials in the UAE said the approval reflects the country’s position as a growing hub for financial technology and digital banking innovation, supported by a strong regulatory framework.
Revolut said the licences represent a key milestone in its Middle East strategy and reaffirmed its commitment to operating under strict regulatory standards as it prepares to enter one of the region’s most competitive financial markets.
