Revolut Expands Its Presence: Licenses in the EU, Asia, and Latin America

Revolut Expands Its Presence: Licenses in the EU, Asia, and Latin America

Fintech company Revolut continues its active expansion into new markets, strengthening not only its geographical reach but also the depth of its regulatory coverage. We previously reported that the company was considering the acquisition of a bank in the United States. You can read the full post on our profile. However, Revolut did not stop there.

The company has obtained a license from the Cypriot financial regulator, allowing it to legally conduct operations with virtual assets across the European Union. This is a strategic move, as:

• 22% of Revolut’s clients are virtual asset users, meaning nearly 14 million people are already actively trading or investing through the app.
• Virtual currencies have become one of the main drivers of the company’s growth. Last year, revenue from the “Wealth” segment tripled thanks to increased trading activity and the launch of Revolut X, a standalone exchange introduced in 2024.

Obtaining the license is not merely a formality, but a direct response to the EU’s new regulatory framework for digital assets (MiCA). Revolut is now officially positioned as one of the most influential players in the European digital asset market.

In addition to Cyprus, Revolut has also received authorization to operate with virtual assets from the Central Bank of Spain and the Monetary Authority of Singapore (MAS).

Another major milestone for Revolut was obtaining approval to launch banking services in Mexico. The company announced that the National Banking and Securities Commission (CNBV) has granted it a license, allowing Revolut to operate as a full-fledged bank. Revolut Mexico CEO Juan Miguel Guerra emphasized that the company aims to serve “millions of clients.” With a banking license, Revolut will be able to offer a broader range of financial services and ensure deposit protection through the local deposit insurance system.

Mexico has become the first country in Latin America where Revolut has obtained a full banking license.

Why the Revolut Example Matters

The company is a vivid example of a business that successfully combines innovation with the realities of today’s regulatory environment. It consistently expands both the scope of its services and its global customer base. Revolut demonstrates how fintech can operate effectively under strict regulatory conditions while maintaining flexibility and rapid growth.

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