Revolut Secures Final Approval to Operate as a Bank in Mexico

Revolut, the global financial technology company, has received final authorization from Mexico’s National Banking and Securities Commission (CNBV), with the approval of Mexico’s Central Bank (Banxico), to begin operating as a bank in the country. 

This authorization follows the initial approval granted by Mexican financial authorities in April 2024 to establish a bank. Revolut stated that this regulatory milestone marks the final step before launching its banking operations to the public. The company is now the first independent digital bank to successfully complete the licensing and approval process from scratch in Mexico.

Serving more than 65 million retail customers globally, Revolut will now begin a beta phase in Mexico with a limited number of users and expects to roll out full operations in early 2026. Interested customers can join the waiting list through the company’s website.

As a fully regulated bank, Revolut will be able to offer a broad range of financial services with enhanced customer protection, including deposit insurance provided by the Institute for the Protection of Bank Savings (IPAB) up to the legal limit.

The company added that it continues to invest in its Mexican operations by recruiting local talent across all areas and organizational levels.

Juan Miguel Guerra, CEO, Revolut Bank in Mexico, thanked the authorities for fostering competition in the sector and emphasized that the bank’s offering aims to benefit millions of users across the country. He noted that Revolut’s platform has been adapted to meet the needs of customers in Mexico and abroad, with plans to launch additional products designed to simplify financial management in one place.

Revolut is also pursuing a banking license in Colombia and is in the process of acquiring a bank in Argentina.