Tabby Secures Stored Value Facilities License in the UAE, Expanding Its Financial Services

Tabby has secured a Stored Value Facilities license from the Central Bank of the UAE, marking a strategic shift from a buy-now-pay-later provider to a fully integrated financial services platform within the UAE.

The license enables the company to hold customer funds and offer direct financial services, including the launch of spending accounts, payment cards, and money management tools, alongside its existing offerings.

This development also allows for the integration of daily financial activities such as payments and transfers within a single app, strengthening Tabby’s position in the digital financial services market.

The move builds on Tabby’s regulatory track record in the region. In Saudi Arabia, the company previously obtained a BNPL license from the Saudi Central Bank and acquired the licensed “Tweeq” digital wallet.

This regulatory expansion is expected to provide greater flexibility in developing and launching financial products across Gulf markets, supported by a unified operational infrastructure rather than fragmented market-specific solutions.