Revolut gets UAE Central Bank licences ahead of full launch

▤ Summary

Revolut has secured key licences from the UAE Central Bank, removing a major regulatory barrier to its launch in the country. The approvals cover stored value facilities and retail payment services, which will let Revolut offer multi-currency accounts, card payments, and local and international transfers. The company is now building its UAE product, operations, governance, and compliance capabilities ahead of a full launch. The move strengthens Revolut’s position in the Middle East and signals growing competition in digital banking and payments across the UAE.

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