The firm has submitted applications to the Central Bank of the United Arab Emirates to become an electronic-money institution and offer remittances in the country. The goal is to eventually apply for a full banking license, similar to the one it recently received from regulators in the UK after years of work.
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Revolut eyes expansion in Gulf with license application
“We want to build a truly global bank,” Storonsky said at the Dubai Fintech Summit in May.
