Overview
- Mexico’s CNBV, with Banco de México’s sign-off, granted Revolut final authorization to operate as an Institución de Banca Múltiple.
- A controlled beta with selected users from the waiting list begins in the coming weeks, with a mass-market launch targeted for early 2026.
- Customer deposits will be protected by IPAB insurance up to roughly 3.4 million pesos per depositor.
- Revolut says it is the first independent digital bank to complete Mexico’s full licensing and approval process from scratch.
- The company frames the move as part of a broader Americas strategy that includes operations in the U.S. and Brazil and efforts to secure a licence in Colombia and acquire a bank in Argentina.