1 week ago
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Reuters
Tue, January 27, 2026 astatine 11:21 AM CST 1 min read
Jan 27 (Reuters) - Britain's Revolut said connected Tuesday that it has officially launched afloat banking operations successful Mexico, marking its archetypal slope established extracurricular of Europe arsenic the fintech accelerates its enlargement into high-growth markets.
Revolut Bank S.A. IBM has go the archetypal autarkic integer slope to unafraid a Mexican banking licence done a nonstop exertion and has capitalized its operations with implicit $100 cardinal — much than treble the regulatory minimum.
The enlargement into Mexico, 1 of Latin America's largest economies, comes arsenic planetary fintechs people the underbanked colonisation successful the region, wherever accepted competition remains comparatively low.
Revolut, Europe's astir invaluable fiscal technology company, precocious said it was pursuing a afloat banking licence successful Peru and besides had plans to rotation retired a payments level successful India.
The Mexico licence would let Revolut to connection customers a suite of integer banking services including high-yield savings accounts, clasp and speech implicit 30 currencies, and planetary wealth transfers.
The London-based firm, which has implicit 70 cardinal customers globally, said the motorboat provides a blueprint for aboriginal enlargement arsenic it aims to scope implicit 100 cardinal regular progressive customers successful 100 countries.
(Reporting by Yamini Kalia successful Bengaluru; Editing by Alan Barona)
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