Revolut is a familiar name to anyone who's lived in the UK or Europe — a multi-currency app with cards, transfers and budgeting tools built in. It's been approved to bring that to the UAE, but approval and availability aren't the same thing.
The UAE Central Bank granted Revolut a Stored Value Facilities licence and a Retail Payment Services licence on 17 June 2026. Those licenses are what let it eventually offer multi-currency accounts, cards and international transfers to residents — but the company itself has said it's still building and testing the product, with no public launch date yet.
Once live, Revolut's global model charges no fee for sending between Revolut accounts and a small fee for bank or card transfers, with exchange-fee-free transfers on weekdays within your plan's limits. Whether the UAE product matches that exactly won't be confirmed until it actually opens to residents.