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Tag: Mexico
Revolut Secures Mexican Banking License in Major Latin American Expansion
The UK-based financial technology company has received the final authorization needed to launch banking services in Mexico. This marks Revolut’s latest strategic move in its ongoing Latin American expansion following recent approvals in Colombia.
Regulatory Milestone Achieved
The UK FinTech giant Revolut has reportedly secured final authorization from Mexican regulators to commence banking operations in the country, according to sources familiar with the matter. The National Banking and Securities Commission (CNBV), with approval from the Bank of Mexico, granted the company permission to operate as a multiple banking institution, the report states.