In brief: Revolut obtains payment licenses in the United Arab Emirates

After being finally become a bank in the United Kingdom, Revolut has reached a key stage in its expansion in the Middle East by obtaining its licences from the Central Bank of the United Arab Emirates (UAE) for the following services: The British neobank thus pursues its ambitions for internationalisation while it also comes to obtain a regulatory green light in Peru.

With the granting of these licences, Revolut completed a local regulatory process started in September 2025 with the agreement in principle of the Central Bank. This recognition will now allow it to operate payment and electronic money services in the United Arab Emirates, a strategic market where fintech sees a strong potential for growth.

The British neobank will now be working to prepare its local commercial offer: adaptation of routes, localization of services and increased operational power before a large-scale launch. Residents of the Emirates should therefore access an application allowing them to hold several currencies, pay with physical and virtual cards, and transfer money locally and internationally via a single interface.

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