Revolut has secured its Stored Value Facilities (SVF) license and Retail Payment Services (Category II) license from the Central Bank of the UAE (CBUAE).

The regulatory approval follows an in-principle approval granted to the global fintech platform in September 2025.

This successful completion of the Revolut UAE license process allows the company to advance its expansion strategy across the Middle East.

Since receiving initial approval last year, the company has expanded its local workforce and established the operational infrastructure required to support long-term operations in the country.

“The UAE’s position as a global hub for financial services innovation is built on the strength of our regulatory environment and the confidence international companies continue to place in our long-term vision,”

said Mohammad Abdulrahman Alhawi, Undersecretary, UAE Ministry of Investment.

“Revolut’s licensing approval by CBUAE adds to the depth of that ecosystem and reflects the growing international presence that contributes to the knowledge-based economy the UAE continues to build.”

Ambareen Musa, GCC CEO at Revolut, noted that the approval marks a point of growth for the firm and reflects its commitment to operating under high regulatory standards.

“We see tremendous opportunity to contribute to the country’s digital economy by providing consumers with more choice and greater control over how they manage their money,”

Musa said.

“We look forward to deepening our presence in the UAE and bringing more people access to the secure, intuitive and globally connected financial services that Revolut is known for.”

Following the conclusion of the application process, the firm is preparing its local product suite ahead of a full-scale market launch.

The platform intends to provide UAE users with a single application to hold multiple currencies, manage physical and virtual cards, and conduct local and international money transfers.

Featured image credit: Edited by Fintech News UAE, based on image by Revolut