Overview

• Revolut said Tuesday, Sept. 9, it received in-principle approvals from the Central Bank of the UAE covering Stored Value Facilities and a retail payment service license.
• These approvals are not final operating licenses, and the company must meet the central bank’s conditions before offering services to consumers.
• Ambareen Musa, who leads Revolut’s Gulf operations, called the milestone a pivotal step for the company’s regional strategy.
• Revolut plans to ramp up recruitment across the Emirates in the coming months using its remote-first model to tap regional talent.
• The UAE move advances Revolut’s international expansion, and separate reports indicate it is weighing U.S. options such as a bank acquisition or license application, which the company has not confirmed.