🐫🐫🐫Revolut accelerates expansion in the UAE🇦🇪

🐫🐫🐫Revolut accelerates expansion in the UAE🇦🇪
The British-Lithuanian🇬🇧🇱🇹 neobank received approval from the Central Bank of the United Arab Emirates (CBUAE) to obtain a license for fund custody and retail payment services (category II).

▶️The services are mainly aimed at retail customers in the region. Expansion in the UAE is currently a key growth driver for Revolut, given that the Emirates rank among the world’s fintech leaders.

▶️Context: the neobank continues to expand beyond Europe and the United Kingdom🇬🇧, with operations in Australia🇦🇺, Brazil🇧🇷, Mexico🇲🇽, Japan🇯🇵, New Zealand🇳🇿, Singapore🇸🇬, the United States🇺🇸and India🇮🇳. Additionally, Revolut has strengthened its partnership with Google Cloud. According to company data, Revolut’s customer base grew from 1.5 million in 2018 to 50 million in 2024.

#news #Middle_East #Europe #world_wide

🏦Payouter.com — reliable payment partner in the CIS and 🇮🇳India: Intent, UPI P2C conversion 54% per FTD