Revolut, the London-based fintech giant, has received preliminary approval from the Central Bank of the United Arab Emirates to launch its services in the country. The approval covers licenses for stored value facility and retail payment services, paving the way for Revolut to expand its operations in the UAE. The company plans to increase hiring in the region as part of its expansion strategy. Revolut offers a range of financial services, including checking and savings accounts, international remittances, cryptocurrency and stock trading, and budgeting tools. The fintech firm has been rapidly expanding its global footprint, with operations already established in countries such as Australia, Brazil, Mexico, Japan, and the United States. Revolut aims to become one of the top three financial apps in every market it enters.