Revolut becomes first independent digital bank licensed in Mexico

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Revolut has officially secured full regulatory approval to operate as an independent digital bank in Mexico, marking a historic first. The fintech plans to offer a full suite of financial services, backed by customer protections and deposits insured by IPAB.

The launch comes as Revolut targets a population of 130 million, where traditional banking is seen as costly and bureaucratic. The company aims to attract users with app-based banking, lower fees, and simplified account access. Revolut’s Mexico expansion is expected to serve as a blueprint for further growth in emerging markets.

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if revolut pulls this off in mexico, other emerging markets are definitely next