Tabby, a fintech company currently operating in the Middle East, has obtained a Stored Value Facilities (SVF) license from the Central Bank of the United Arab Emirates. This regulatory approval, announced in mid-April 2026, represents a significant advancement for the firm as it broadens its offerings in the UAE market. The license permits Tabby to securely hold customer funds and roll out an expanded range of financial solutions.
These include dedicated spending accounts, payment cards, and comprehensive money management features designed to simplify daily financial tasks.
By securing this authorization, Tabby moves beyond its core “buy now, pay later” services into a more holistic financial ecosystem, allowing users to handle spending, transfers, and budgeting within a single, familiar platform.
This development builds on Tabby’s strong presence in the UAE, where millions of consumers already rely on its flexible payment options for everyday purchases.
The company aims to integrate essential banking-like services into its app, creating a seamless experience that combines convenience with greater control over personal finances.
Users will soon be able to manage their money more effectively, with tools that emphasize ease and accessibility rather than traditional credit-focused interactions.
Hosam Arab, CEO and Co-Founder of Tabby, highlighted the importance of this milestone:
“Millions of people in the UAE already use Tabby for flexible payments. This licence lets us serve them beyond credit and build an experience that delivers what money should actually feel like.”
His comments underscore the company’s vision of transforming how individuals interact with their finances, shifting from occasional credit use to everyday money management.
Headquartered in Riyadh, Tabby operates across Saudi Arabia, the UAE, and Kuwait, partnering with over 65,000 brands worldwide, including major names like SHEIN, Amazon, Adidas, IKEA, Jarir, Samsung, and noon.
The platform has empowered consumers with greater flexibility in spending while helping retailers drive growth and customer loyalty through innovative payment technologies.
Securing the SVF license from the Central Bank of the UAE marks a key regulatory achievement for Tabby in its journey toward becoming a comprehensive financial services provider.
It positions the company to embed practical financial tools directly into the lives of its existing user base, fostering deeper engagement and trust.
This expansion aligns with the evolving demands of the region’s digital economy, where consumers seek integrated solutions that combine shopping convenience with robust money management.
For the broader fintech landscape in the Middle East, Tabby’s progress reflects the increasing maturity of digital financial services.
Regulators like the CBUAE are enabling innovation while maintaining safeguards for customer funds, encouraging responsible growth in the sector.
As Tabby prepares to launch its new suite of products, it is expected to enhance competition and offer more choices to consumers seeking modern alternatives to conventional banking.
This license not only aims to strengthen Tabby’s position in the UAE but also signals its commitment to long-term innovation.
By focusing on user-centric design and regulatory compliance, the company continues to redefine financial accessibility in a region experiencing rapid digital transformation.
Tabby plans to leverage this foundation to deliver even more intuitive tools that make managing money feel natural and empowering. The latest approval of the wallet-related licence underscores Tabby’s strategic evolution from a payments specialist to a full-fledged financial companion.
