Overview

• Mexico’s banking regulator CNBV authorized Revolut to begin operating as a bank, with the company saying Banxico also approved.
• Revolut says it is preparing to serve customers from its Mexican waitlist, and El Economista reports a beta is starting with a broader rollout expected in early 2026.
• Full bank status enables regulated deposits insured by IPAB up to roughly 3.4 million pesos per customer, according to the company.
• The UK-origin fintech cites more than 65 million global users and plans to compete with digital players such as Nu, Mercado Pago, Plata and Klar, alongside incumbents.
• Revolut frames the license as part of a wider Americas push, seeking a banking license in Colombia, pursuing an acquisition in Argentina, and reporting 2024 revenue of about $4 billion after 72% growth.