Dubai: UAE-based businesses could soon have another digital financial services option, as fintech company Tabby begins testing a new business account with a selected group of merchants. The development follows rapid adoption of its consumer-focused Tabby Cash service, which crossed one million account sign-ups within two months of becoming available to UAE residents.
Tabby confirmed that the business account is being tested with a small number of businesses already selling through its platform. Zarik Nabi, the company’s Chief Commercial Officer, said further details would be announced soon, although Tabby has not yet disclosed when the service could become available more widely.
The planned expansion comes as Tabby builds a broader financial services offering beyond its established buy-now-pay-later (BNPL) business. Its latest consumer product gives users access to spending accounts, payment cards and money transfer facilities.
Tabby Cash crosses one million UAE accounts
The one-million milestone was reached after Tabby Cash became available to all eligible UAE residents on September 1, 2026.
The company describes the service as a fee-free alternative to a traditional debit account. It operates under a Stored Value Facilities (SVF) licence issued by the Central Bank of the UAE (CBUAE), allowing Tabby Payments LLC to hold customer funds and provide related financial services.
According to information published by Tabby and reported by Gulf News, the account does not carry account-opening or card fees. Customers can also access cashback on eligible spending categories and international purchases.
The service includes several features beyond everyday card payments:
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Free and unlimited domestic money transfers.
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International transfers to bank accounts in more than 50 countries without transfer fees.
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Support for digital wallets including GCash, JazzCash and Vodafone Cash.
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Telecom, utility and transport bill payments, with options to divide eligible payments into up to 12 monthly instalments.
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Zakat payments and donations to participating Dubai charities.
Customers can also receive refunds for approved Tabby Pay Later purchases directly into their Tabby Cash accounts, avoiding the usual waiting period associated with conventional card refunds.
Why Tabby is exploring services for businesses
The move towards business accounts would give Tabby an opportunity to strengthen its relationship with merchants, many of whom already use its payment technology to offer instalment options to shoppers.
Small and medium-sized enterprises form an important part of the UAE’s commercial landscape. For these businesses, access to convenient digital financial services can help simplify everyday transactions and business payments.
Tabby’s existing merchant network also gives it an established route to reach potential business customers.
However, the new account should not be confused with Tabby’s existing merchant payment service. Tabby Business already enables eligible online and physical retailers to offer flexible payment options to their customers. The newly reported account test represents a separate development, with its full functionality yet to be announced.
For now, Tabby has confirmed only that a limited group of existing merchants is participating in the testing phase. It has not publicly detailed whether the proposed account will include business debit cards, payment collections, expense management, working capital or other financial tools.
These features should not be assumed until the company provides further information.
Tabby’s UAE financial services expansion
Tabby’s latest plans follow a period of expansion into financial services beyond its original BNPL offering.
In April 2026, the company announced that it had secured a Stored Value Facilities licence from the CBUAE. The authorisation enabled Tabby Payments LLC to hold customer funds and develop spending accounts, cards and money management products in the UAE.
The launch of Tabby Cash was the first major consumer product built around that regulatory permission.
Tabby’s wider expansion is also supported by fresh investment. In September 2026, the company announced a $233 million equity funding round led by Blue Pool Capital, valuing it at $6.5 billion.
In its September announcement, Tabby said it had more than 25 million registered users and 70,000 business partners across its markets. The company also reported annualised transaction volume exceeding $18 billion.
The funding is intended to support its expansion into broader credit and money management services in Saudi Arabia and the UAE.
What UAE businesses should know
The proposed business account remains in the testing stage, meaning UAE SMEs should not treat it as a publicly available banking product.
Tabby has not yet announced the application process, account charges, eligibility requirements or the specific services that participating businesses will receive.
Businesses interested in the development should watch for announcements through Tabby’s official business channels.
For merchants already working with the platform, the trial could eventually create another way to access financial services within the Tabby ecosystem. Whether it will provide a meaningful alternative to conventional business accounts will depend on the features, costs, transfer facilities and regulatory arrangements announced at launch.
For now, the one-million Tabby Cash milestone provides a measure of the company’s growing consumer reach, while its SME account trial signals where its next phase of expansion could be headed.
Q1. What is Tabby testing in the UAE?
Tabby is testing a new business account with a small group of businesses that already sell through its platform.
Q2. Why is Tabby introducing a business account?
The trial forms part of Tabby’s wider expansion beyond consumer buy-now-pay-later services into broader financial products. The specific objectives and features of the new account have not yet been fully announced.
Q3. How many people have signed up for Tabby Cash in the UAE?
Tabby reported more than one million account sign-ups within two months of making Tabby Cash available to all eligible UAE residents on September 1, 2026.
Q4. When will Tabby’s new business account launch?
Tabby has not announced a public launch date. The account is currently being tested with a limited group of existing merchants.
Q5. Is Tabby Cash available to UAE residents?
Yes. Tabby Cash became available to eligible UAE residents aged 18 and above on September 1, 2026.
Q6. Does Tabby Cash charge account or card fees?
Tabby says there are no account-opening or card fees for Tabby Cash. International transfers may include a currency conversion margin.
Q7. Is Tabby regulated in the UAE?
Tabby Payments LLC operates its Tabby Cash services under a Stored Value Facilities licence issued by the Central Bank of the UAE.
Q8. Is Tabby’s new business account the same as Tabby Business?
No. Tabby Business already provides merchant payment services. The newly reported business account is a separate product being tested with selected existing merchants.
