(27 January 202 6 – Mexico) Revolut has officially launched full banking operations in Mexico, establishing its first bank outside Europe as the fintech steps up its push into high-growth international markets.
Revolut Bank S.A. has become the first independent digital bank to obtain a Mexican banking licence via a direct application. The group has capitalised the new operation with more than US$100m, over twice the local regulatory minimum.
The move into Mexico — one of Latin America’s largest economies — reflects growing interest from global fintechs in the region’s sizeable underbanked population, where competition from traditional banks remains relatively limited. Revolut, currently Europe’s most valuable fintech, has also said it is pursuing a full banking licence in Peru and plans to launch a payments platform in India.
With the Mexican licence, Revolut can offer a broad range of digital banking services, including high-yield savings accounts, the ability to hold and exchange more than 30 currencies, and international money transfers. The London-based company now serves more than 70 million customers worldwide and said the Mexican rollout provides a template for further expansion as it targets more than 100 million daily active customers across 100 countries.