{"id":12917,"date":"2025-09-10T04:49:35","date_gmt":"2025-09-10T04:49:35","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=27592"},"modified":"2025-09-10T04:49:35","modified_gmt":"2025-09-10T04:49:35","slug":"revolut-secures-in-principle-approval-from-uae-central-bank","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/revolut-secures-in-principle-approval-from-uae-central-bank\/","title":{"rendered":"Revolut Secures In-Principle Approval from UAE Central Bank"},"content":{"rendered":"

Revolut<\/a> has received in-principle approval for its Stored Value Facilities and Retail Payment Services (Category II) licenses from the Central Bank of the UAE (CBUAE)<\/a>.<\/p>\n

The approval marks a step towards Revolut launching its services in the UAE, where it plans to offer a full suite of products to retail customers.<\/p>\n

The UAE is viewed by Revolut as a key growth market, citing its strong digital adoption, position as an international financial hub, and supportive regulatory environment.<\/p>\n

By working with the Central Bank of the UAE, the company aims to introduce services tailored to local customer needs.<\/p>\n

Ambareen Musa, CEO for the GCC at Revolut, said:<\/p>\n

\"Ambareen
Ambareen Musa<\/figcaption><\/figure>\n
\n

\u201cReceiving these in-principle approvals from the Central Bank of the UAE is a pivotal step for Revolut in the region. Our goal is to empower individuals here with cutting-edge financial tools that offer transparency, flexibility, and control, addressing key pain points in the current financial landscape.”<\/p>\n<\/blockquote>\n

Musa, who previously founded Souqalmal.com, a financial comparison platform in the Middle East, has almost two decades of experience in financial services and fintech.<\/p>\n

Her focus on financial literacy and consumer empowerment is expected to play a role in Revolut\u2019s UAE strategy.<\/p>\n

The company also plans to expand hiring across the UAE in the coming months.<\/p>\n

With its remote-first approach, Revolut said it is able to attract talent from across the region while maintaining flexibility and access to a wider pool of skilled professionals.<\/p>\n

Revolut has been expanding beyond Europe and the UK, with operations in countries including Australia, Brazil, Mexico, Japan, New Zealand, Singapore, the US, and India.<\/p>\n

The UAE expansion reflects its ongoing efforts to build a presence in key international markets.<\/p>\n

 <\/p>\n

Featured image credit: Edited by Fintech News Middle East, based on image by frantic<\/a> via Freepik<\/em><\/p>\n

The post Revolut Secures In-Principle Approval from UAE Central Bank<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Revolut has received in-principle approval for its Stored Value Facilities and Retail Payment Services (Category II) licenses from the Central Bank of the UAE (CBUAE). The approval marks a step towards Revolut launching its services in the UAE, where it plans to offer a full suite of products to retail customers. The UAE is viewed […]<\/p>\n

The post Revolut Secures In-Principle Approval from UAE Central Bank<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175,278,206,310],"tags":[],"class_list":["post-12917","post","type-post","status-publish","format-standard","hentry","category-abu-dhabi","category-central-bank-of-the-uae-cbuae","category-dubai","category-revolut"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=12917"}],"version-history":[{"count":2,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12917\/revisions"}],"predecessor-version":[{"id":12928,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12917\/revisions\/12928"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=12917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=12917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=12917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}