Revolut has obtained a banking license in France. This was reported by Qazaqyia.kz citing Reuters.
The British fintech company Revolut has received a banking license from the French banking regulator. This will allow the company to expand its operations in Europe and operate as a full-fledged bank in the local market.
The license gives Revolut the right to accept deposits, issue loans, and conduct other banking operations in France. This is an important step in strengthening the company's position in Europe.
Revolut had previously obtained a banking license in Lithuania, and the license in France will further expand the company's presence in Europe. Company representatives noted that this decision will improve the quality of customer service and allow entry into new markets.
Revolut is one of the largest fintech companies in the world, serving more than 45 million customers in over 40 countries. Obtaining a license in France is part of the company's growth strategy in Europe.