Edenred UAE Receives Initial Approval for Central Bank License

Aug 10, 2026

59 min

Aug 10, 2026 09:31

Edenred UAE secures in-principle Central Bank approval for stored value facility license

## Key Milestone for Edenred UAE

Edenred UAE has achieved a significant milestone by securing in-principle approval from the Central Bank of the UAE to operate as a licensed Stored Value Facility (SVF) provider. This step is part of the process to obtain a full SVF license, which involves meeting various regulatory requirements related to governance, compliance, and cybersecurity.

## Role in UAE Payroll

For over 18 years, Edenred UAE has been a pivotal player in the country's payroll sector, serving more than 20,000 businesses and processing salaries for over 2.5 million employees. The company is known for its reliable payroll solutions, particularly for workers who depend on salary cards as their primary financial tool.

## Focus on Financial Inclusion

The approval reflects the UAE's broader financial sector trends, emphasizing the development of stored-value and payment products. It also highlights a commitment to financial inclusion, especially for the unbanked or underbanked workforce.

## Future Steps

Edenred UAE will continue to work towards fulfilling the Central Bank's requirements to secure a full SVF license. This approval is seen as a testament to the company's dedication to maintaining high regulatory standards and enhancing payroll services in the region.

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