Revolut Secures UAE Licenses Fueling Global Bank Ambitions

Revolut is preparing a full-scale launch of its global financial platform in the United Arab Emirates after completing its regulatory licensing process in the country. The firm received its Stored Value Facilities (SVF) and Retail Payment Services (Category II) licenses from the Central Bank of the UAE (CBUAE) after receiving in-principle approval in September, Revolut said in a Wednesday (June 17) press release . Having received these licenses and completed its regulatory licensing process in t