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Главная Блог Edenred UAE Gains Preliminary Approval for SVF License

Edenred UAE Receives Preliminary Approval for Financial License

10.08.2026
59 мин
3
10.08.2026 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 step by obtaining preliminary approval from the Central Bank of the UAE for a Stored Value Facility (SVF) license. This approval highlights the company's pivotal role in managing payroll for over 2.5 million workers in the UAE.

## Longstanding Presence in the UAE

Operating in the UAE for more than 18 years, Edenred has established itself as a reliable payroll solution provider. The company serves over 20,000 businesses, ensuring timely salary processing for employees across various sectors such as construction, retail, and hospitality.

## Path to Full Licensing

The in-principle approval is part of the Central Bank's licensing process, which evaluates governance, compliance, and operational controls. Edenred UAE will continue to fulfill the necessary requirements to secure a full SVF license.

## Commitment to Financial Inclusion

This development aligns with the UAE's focus on enhancing financial inclusion, especially for workers who are unbanked or underbanked. Edenred's services are crucial for these employees, providing them with a primary financial account to access their wages.

## Future Prospects

Edenred's Managing Director, Claudio Di Zanni, emphasized the company's dedication to completing the licensing process and advancing payroll services that contribute to economic growth and financial inclusion in the region.

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