✉news BusinessBanking first seen 6 h ago, last 6 h ago, peak #29
Revolut Gains Argentina Banking Licence via Banco Cetelem Deal
Original: Revolut Secures Argentina Banking License with Banco Cetelem Acquisition Approval
Revolut has secured approval to operate as a bank in Argentina, with regulators clearing its acquisition of Banco Cetelem, the local lender previously owned by BNP Paribas. The move gives the UK fintech a full banking licence in one of Latin America's largest markets, deepening its push into the region alongside rivals like Nubank. Analysts see it as a major step in Revolut's global expansion beyond its European base.
Why now: Approval of the acquisition marks a significant expansion milestone for Revolut in Latin America's competitive fintech market.
RevolutBanco CetelemArgentinaBNP Paribas
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