Remitly granted stored value licence by the Central Bank of the UAE

Remitly has received a Stored Value Facilities and Exchange Business Category IV licence from the Central Bank of the UAE, marking a significant milestone after months of effort in the region. This license will allow Remitly to introduce new financial products for UAE customers, potentially enhancing their ability to manage and transfer money more efficiently. This development is a big deal as it not only validates Remitly's operations but also opens the door for more innovative financial services within the UAE's regulatory framework.