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Revolut Wins Central Bank Approval to Buy Argentina's Banco Cetelem

Original: Revolut Receives Central Bank Approval for the Acquisition of Banco Cetelem in Argentina

Revolut has received approval from Argentina's central bank to proceed with its acquisition of Banco Cetelem, the Argentine banking unit. The clearance removes a key regulatory hurdle for the fintech company's expansion into Argentina's retail banking market. The move marks a significant step in Revolut's push into Latin America, allowing it to operate through an established local bank rather than building its licence from scratch.

Why now: Regulatory approval of a major fintech's entry into Argentine banking is significant news for the industry and consumers.

Revolut Banco Cetelem Central Bank of Argentina

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Revolut Receives Central Bank Approval for the Acquisition of Banco Cetelem in Argentina · Financial IT

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