Revolut Debuts in Mexico: The First Independent Digital Bank Is Here
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Revolut launches its first fully licensed digital bank in Mexico, expanding its global footprint. The bank received a license from Mexico's financial regulators and commenced operations with over $100 million, more than double the requirement.
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- Revolut launches its first fully licensed digital bank outside Europe in Mexico.
- Revolut obtained a full banking license last year from Mexico’s main financial regulators.
- The company started its Mexico bank with $100+ million, more than twice what was required.
British fintech giant Revolut officially started operating as a full digital bank in Mexico. This is the first time it has launched a fully licensed bank outside of Europe, marking a big move in its plan to expand globally.
The new institution (Revolut Bank S.A., Institución de Banca Múltiple) obtained a full banking license last year from Mexico’s National Banking and Securities Commission (CNBV) and the Bank of Mexico. With that, Revolut completed a lengthy approval process needed to provide standard banking services in the country.
Revolut started its Mexico bank with over $100 million, which is m…
Read The Full Article Revolut Debuts in Mexico: The First Independent Digital Bank Is Here On Coin Edition.
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