United Arab Emirates · Payments & e-money
Remitly Fintech Services – L.L.C- S.P.C
Remitly Fintech Services – L.L.C-S.P.C is a single-person limited liability company based in Abu Dhabi. The Central Bank of the UAE (CBUAE) licenses it as a Stored Value Facility under identification number 05.01.01.022.2026.01. Remitly Global, Inc., the Nasdaq-listed company behind the Remitly brand, announced the licence in July 2026. It said the licence would let it launch new products for UAE customers. On 29 September 2026 the Remitly user agreement for UAE residents named a sister company, Remitly (DIFC) Limited. The Dubai Financial Services Authority (DFSA) authorises that company to provide money services.
Licences and registrations
Held by Remitly Fintech Services – L.L.C- S.P.C. 1 entry on 1 of the 22 tracked registers, retrieved 24 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| CBUAE Register of Licensed Financial Institutions - Stored Value FacilityCentral Bank of the UAE (CBUAE) | Stored Value FacilityE-Money / Stored Value Institution | 05.01.01.022.2026.01 | United Arab Emirates | Active | — | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Firm type
E-money and accounts
Trades as Remitly
- Standing
- The CBUAE lists the firm as a licensed Stored Value Facility, and Remitly announced the licence on 9 July 2026. On 29 September 2026 the Remitly user agreement for UAE residents still named a sister company, Remitly (DIFC) Limited, as the service provider.
- Ownership
- Remitly Global, Inc., which is listed on Nasdaq, announced the licence as its own, but the firm's direct shareholder is not published.
- Ultimate owner
- Remitly Global, Inc., United States
- Head office
- Abu Dhabi, United Arab Emirates
- Name in the local language
- ريميتلي لخدمات التكنولوجيا المالية - ذ.م.م - ش.ش.و
Online
- Websites & references
- remitly.com ↗
news.remitly.com ↗ group newsroom
ir.remitly.com ↗ group investor relations site (Remitly Global, Inc.) - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · TikTok ↗
- Apps
- App Store ↗ · Google Play ↗
Sources · 7 pages consulted
- centralbank.ae/media/hw0lreyi/cb-register-august-2026.pdf
- ir.remitly.com/news-releases/news-release-details/remitly-granted-stored-value-facilities-license-centra
- news.remitly.com/company-and-product-news/remitly-granted-cbuae-licence/
- remitly.com/ae/en
- remitly.com/ae/en/home/agreement
- agbi.com/banking-finance/2026/08/remitly-chief-were-all-set-for-aggressive-gulf-expansion/
- globenewswire.com/news-release/2026/07/09/3325212/0/en/Remitly-Granted-Stored-Value-Facilities-License-from
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The Central Bank of the UAE licenses the firm as a Stored Value Facility. Remitly also says it was granted Exchange Business Category IV, but the August 2026 CBUAE register lists only the Stored Value Facility entry for the firm.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Central Bank of the UAE (CBUAE) United Arab Emirates | Stored Value Facility | 05.01.01.022.2026.01 | In its own name | Active | centralbank.ae ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Products and markets
Researched 29 Sep 2026 · Sources
Remitly says the CBUAE licence will let it offer new products for UAE customers, and its GCC chief executive described a digital wallet for limited salary payments. The existing UAE remittance service to more than 175 countries is provided under the Remitly (DIFC) Limited user agreement.
The firm's CBUAE licence covers the United Arab Emirates. Remitly's current service for UAE residents is contracted through Remitly (DIFC) Limited.
- Payment volume
- USD 80bnsend volume over the last twelve months, worldwide (stated as 'over $80 billion')
- Serves customers in
- United Arab Emirates
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Davis Dominic Parakal UAE CEO at Remitly (described by AGBI in August 2026 as Remitly's CEO for the GCC)
Recent events
Researched 29 Sep 2026 · Sources
-
Licence
The Central Bank of the UAE granted the firm a Stored Value Facility licence, which Remitly announced on 9 July 2026.
ir.remitly.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · CBUAE-SVF
- 05.01.01.022.2026.01
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- 01726fef281c
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- E-Money / Stored Value Institution
- Activities
- E-money / stored value
- Licensed in
- United Arab Emirates · Middle East & North Africa
- First registered
- Not published
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- Abu Dhabi
- Country
- United Arab Emirates
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address. No LEI or clearing code is mapped in the directory
- Postal address
- Structured: town and country
<FinInstnId>
<Nm>Remitly Fintech Services – L.L.C- S.P.C</Nm>
<PstlAdr>
<TwnNm>Abu Dhabi</TwnNm>
<Ctry>AE</Ctry>
</PstlAdr>
</FinInstnId>- CBPR+ does not accept the character – in names and addresses. Transliterate before sending.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- CBUAE Register of Licensed Financial Institutions - Stored Value Facility—Central Bank of the UAE (CBUAE) · source ↗ as at 24 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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