🎉 Mexico🇲🇽: multipurpose banking institution Revolut Bank SA has officially launched operations

🎉 Mexico🇲🇽: multipurpose banking institution Revolut Bank SA has officially launched operations

Revolut Bank SA has officially launched its banking operations in Mexico following an investment of more than USD 100 million by its founders, Nikolay Storonsky and Vladyslav Yakovenko—an amount that doubles the minimum capital requirement under local regulations.

➡️ Long-term strategy: Latin America is a key pillar of Revolut’s five-year global expansion plan. A core strategic objective is to advance toward obtaining a comparable banking licence in the United States, with the Mexican launch serving as a notable regional precedent.

➡️ Immediate focus: alongside its long-term growth ambitions, the company aims to capture a significant share of Mexico’s cross-border remittance market. Although transaction volumes have recently declined, this is viewed as a temporary trend.

➡️Operational rollout: Mexican users can now download the Revolut application, available on both the App Store and Google Play Store, and open a bank account. The level of investment enabled Revolut to reach a capital adequacy ratio (CAR) of 447.2% at launch, reflecting a strong financial position.

#news #Mexico #UnitedStates

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