Revolut has been granted a full UK banking license, advancing its plan to become a global digital bank while keeping crypto and stock trading under separate structures. The move could broaden the firm's regulated product set and strengthen customer trust.
Revolut has applied for a U.S. banking license that would let it operate as a traditional bank and gain direct access to payment rails such as Fedwire and ACH. The move could speed transfers, lower costs, and strengthen its U.S. expansion plans.
Revolut will test a pound-backed stablecoin in the UK’s regulated stablecoin sandbox this quarter. The firm says the key innovation is not the token itself but the consumer protection and infrastructure built around it.
The UK Financial Conduct Authority has picked Monee, ReStabilise, Revolut and VVTX to trial stablecoin issuance and payment services in its regulatory sandbox beginning Q1 2026. The pilot will test operational, compliance and consumer‑protection arrangements for regulated stablecoin use.
A crypto trader alleges a former Revolut employee tried to extort him and contacted his family, claiming to possess KYC data. Revolut says it has opened an investigation and that its systems were not compromised.
Revolut has begun full banking operations in Mexico after obtaining a banking license through a direct application, targeting digital-first consumers seeking an alternative to incumbent banks. The move expands the neobank’s global footprint and raises the stakes in Mexico’s competitive fintech market.
British fintech Revolut announced on Jan 27, 2026 that it has launched full banking operations in Mexico, concluding its testing phase. This marks Revolut’s first bank outside Europe and could expand access to its digital and crypto services in the region.
Revolut has abandoned plans to buy a U.S. bank and will instead pursue a de novo banking license, saying the approval path under the Trump administration should be faster and avoid branch requirements, the Financial Times reports.
Revolut has applied for a Peruvian banking license as part of a broader push to offer local payment and banking services, targeting a market with high smartphone use but low formal financial access.
Trust Wallet has integrated Revolut as a payment provider, allowing EEA users to instantly buy BTC, ETH and SOL with no fees. The partnership aims to simplify fiat-to-crypto on‑ramps and boost retail access across Europe.