DIGITAL BANKING
ABOUT REVOLUT
Revolut has rapidly evolved from a currency exchange app into a global financial powerhouse, reaching a valuation of US $ 75bn and serving over 70 million customers. A pivotal milestone in its progression is the recent launch of full banking operations in Mexico, marking its first banking debut outside Europe. Backed by a US $ 100m capital injection, Revolut Bank S. A. now offers localised services, including high-yield savings and seamless international transfers, following its direct application for a Mexican banking license.
In Singapore, Revolut has solidified its position as a regional anchor for Asia. Supported by investment from EDBI, the firm plans to triple its local workforce over the next three years to drive product innovation across Southeast Asia. Meanwhile, Revolut’ s ambitions in North America have intensified. The company recently submitted a formal application for a US banking license through the OCC and FDIC. This national bank charter is designed to replace its current digital wallet model with a fully licensed framework, allowing for direct access to payment rails and the introduction of proprietary credit products. Together, these expansions serve as critical rungs in Revolut’ s strategic ladder to reach 100 million daily active customers
Key hubs supporting success The news comes as little surprise given the rapid pace of expansion the company has achieved in recent months. Just over a month into 2026, Revolut launched full operations in Mexico, with Nik stating that the move was a“ blueprint for expansion into other high-growth markets”. Revolut is confident in replicating the success of this approach, announcing its expansion into the US just a month after its Mexico launch.
96 April 2026