Founded as a financial technology company focused on flexible spending, Tabby’s platform is used by more than 65,000 local and global brands.
Financial technology company Tabby has launched Tabby Cash, a fee-free spending account offering cashback and free transfers, as the company expands beyond flexible payments into everyday money management.
Tabby said more than 150,000 people are already using Tabby Cash, with a full rollout across the UAE expected in the coming weeks. The launch coincides with a new brand identity as the company positions itself as a broader money management platform.
Tabby Cash is the first product built on Tabby’s Stored Value Facilities licence, granted by the Central Bank of the UAE. The account has no setup, account or card fees.
The Tabby Cash Card offers up to 3 per cent cashback on selected categories and international spending for Tabby Plus members, while non-Plus users receive 1 per cent cashback. As part of a launch offer, all cardholders will earn 3 per cent cashback until November 1, 2026.
” We started Tabby because we believed money should be flexible enough to work around your life, not the other way around. That belief hasn’t changed, but what we’re doing about it has. We’re building a place where people have full control over their money, with the same clarity and flexibility they’ve come to expect from us,” said Hosam Arab, CEO and co-founder of Tabby.
Tabby, which built its business around buy now, pay later and flexible payment solutions, said it is now applying the same approach to everyday financial services, citing high costs associated with traditional financial products.
The company said credit cards in the UAE can carry annual interest rates of 30 per cent to 46 per cent, with interest compounding on unpaid balances. It added that current accounts can require minimum salaries and charge fees for falling below balance thresholds, while international money transfers can cost Dhs75 or more before exchange-rate markups.
Tabby said its digital-only model allows it to operate without branches or legacy systems, enabling it to offer lower fees and greater flexibility.
“Tabby Card brought flexible payments to daily spending with no compound interest. Tabby Cash is the next step, bringing that same approach to how people hold, send and spend their money, on a platform millions already use,” the company said.
Tabby currently serves more than 25 million consumers and 65,000 retailers across Saudi Arabia, the UAE and Kuwait, processing more than $18bn in annualised sales volume.
Tabby Cash available to UAE residents over the age of 18
The company said Tabby Cash will initially be available to UAE residents aged over 18, with users able to join a waitlist ahead of the wider rollout.
Key features include free account setup, no account or card fees, 3 per cent cashback on selected categories and international spending with Tabby Plus, 1 per cent cashback without Tabby Plus, and free unlimited local transfers, with global transfers planned for a future launch.
Founded as a financial technology company focused on flexible spending, Tabby’s platform is used by more than 65,000 local and global brands, including SHEIN, Amazon, Adidas, IKEA, Jarir, Samsung and noon. The company is headquartered in Riyadh and operates across Saudi Arabia, the UAE and Kuwait.
