Tabby Launches Fee-Free Spending Account in the UAE

Tabby, the Riyadh-headquartered financial technology company best known for its buy now, pay later service, has launched Tabby Cash in the UAE, introducing a fee-free spending account as it expands into everyday banking and money management.

The launch follows the company's approval for a Stored Value Facilities licence from the Central Bank of the UAE, enabling customers to open spending accounts with no account or card fees, access free local money transfers and receive a cashback payment card.

According to Tabby, the launch marks the first product introduced under its new regulatory licence and forms part of the company's broader strategy to build a full-service consumer finance platform. The company also plans to introduce international money transfers at a later stage.

The Tabby Cash Card offers up to 3% cashback on selected spending categories and international purchases for Tabby Plus subscribers, while standard users receive 1% cashback. As part of a promotional campaign, all cardholders will receive 3% cashback until November 1st, 2026.

Alongside the launch, Tabby unveiled a refreshed brand identity to reflect its expansion beyond buy now, pay later services. The company currently operates across Saudi Arabia, the UAE and Kuwait, serving more than 25 million customers and 65,000 merchants, with an annualised transaction volume exceeding $18 billion.