Revolut Gains UAE Licenses for Global Expansion

Fintech giant Revolut has successfully obtained crucial licenses from the Central Bank of the UAE, paving the way for its comprehensive launch in the region. The company secured both Stored Value Facilities and Retail Payment Services licenses, marking a significant step in its international growth strategy. This regulatory approval follows an in-principle agreement reached in September and signals Revolut's intent to establish a robust financial platform within the UAE, further bolstering its ambitions for global banking services.