Key facts
- Revolut has obtained a new full banking license from the European Central Bank.
- The new license allows Revolut to expand its services across France and other European markets.
- The approval follows previous restrictions imposed by regulators on Revolut.
- The license is a full banking license.
Fintech company Revolut has successfully obtained a new full banking license from the European Central Bank. This significant development allows the company to broaden its financial services across France and other European markets. The approval comes after Revolut faced previous restrictions imposed by regulators, indicating a resolution of past hurdles. The acquisition of this license is a crucial step for Revolut as it aims to solidify and expand its presence within the European financial landscape. It is expected to facilitate the offering of a wider array of banking products and services to its customer base throughout the continent.