Revolut Opens Its First Bank Outside Europe, Starting in Mexico

Revolut has made a decisive move into Mexico. On Tuesday (27), the British fintech announced the launch of full banking operations in the country, ending its testing phase. 

This marks the first time Revolut has opened a licensed bank outside Europe.

Mexico was a deliberate choice. With a population of around 130 million and a traditional banking system widely viewed as expensive and bureaucratic, the country presents a strong opportunity for a fully digital bank. 

Revolut sees demand for app-based banking with lower fees and simplified access.

¡Hola, México!