Revolut received Stored Value Facilities and Retail Payment Services Category II licences from the Central Bank of the UAE, completing the regulatory process that began with in-principle approval in September 2025.

The licences allow Revolut to prepare for a full-scale UAE launch. The planned local platform will enable customers to hold multiple currencies, use physical and virtual cards and make domestic and international transfers through the Revolut app. The company is expanding its local team and infrastructure ahead of the rollout.

Source: revolut.com