DEPLOYMENT · APAC
Remitly gains UAE stored-value licence from Central Bank, enters Gulf market
Remitly, a US-based remittance fintech, received regulatory approval from the Central Bank of the UAE to operate stored-value and exchange services, enabling it to serve customers and merchants in the UAE.
WHY IT MATTERS
Regulatory pathway into GCC markets validates distributed remittance models; signals CB appetite for licensed non-bank payment operators in high-migration corridors.
Source: Finextra · 2026-07-16