UK's Revolut Expands UAE Partnerships Before Full-Scale Launch
CoinMENA said the deal will improve fiat on- and off-ramps, while Revolut reportedly secured two central bank licenses before a UAE launch.
- On Wednesday, the Central Bank of the UAE granted Revolut Stored Value Facilities and Retail Payment Services licenses, while CoinMENA secured a banking agreement with Standard Chartered UAE to strengthen fiat payment infrastructure.
- The UAE continues to enhance its financial system by integrating advanced technology, encouraging collaborations between financial institutions and regulated firms to promote convenient payment and banking methods across the Emirates.
- London-Headquartered Revolut, serving more than 75 million clients globally, is preparing its local product offering. CoinMENA co-founders Dina Sam and Talal Tabbaa said, "We believe the industry's future depends on strong banking, regulatory, and operational foundations, not just technology."
- Engaging with stakeholders across the ecosystem, Revolut has not confirmed a launch timeline. A company representative said, "Competition is ultimately positive for consumers because it drives innovation, raises standards and expands choice."
- Revolut chief executive Ambareen Musa called the Emirates "one of the most forward-looking financial markets globally," highlighting regulatory support from the Dubai International Financial Centre and ADGM to foster digital financial services.
13 Articles
13 Articles
Revolut to Launch in UAE After Securing Central Bank Licenses
Revolut Ltd. is launching in the United Arab Emirates after the digital bank won authorization for licenses from the country’s central bank, as it sets its sights on expanding across the Middle East.
Fintech Revolut announced this Wednesday that it received from the Central Bank of the United Arab Emirates (CBUAE) a stored value facility licence (Stored Value Facilities – SVF) and a retail payment service licence (Category II), concluding the regulatory licensing process in the country. The authorisation comes after the approval in principle granted by the emirate regulator in September 2025 and represents a milestone in the company's expans…
Revolut Secures CBUAE Payment Licenses Ahead of UAE Launch
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 yea…
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