Revolut Receives Approval to Operate Digital Bank in Mexico
- Revolut receives approval to operate a digital bank in Mexico.
- First independent digital bank licensed from scratch in Mexico.
- Regulatory approval marks a milestone in digital banking expansion.
Revolut secures final approval from Mexican authorities to operate as the first fully licensed independent digital bank in Mexico, marking a significant milestone on October 23, 2025.
Revolut’s entry signifies increased competition within Mexico’s digital banking landscape, potentially broadening consumer access to financial services without immediate effects on major crypto markets.
Revolut has received final approval from Mexico’s National Banking and Securities Commission and the Bank of Mexico to launch a fully licensed digital bank. This makes Revolut the first independent digital bank to complete Mexico’s licensing process from scratch.
Juan Miguel Guerra, CEO of Revolut Bank Mexico, leads the effort, with support from local authorities. Guerra expressed confidence in the bank’s ability to benefit millions across the country. The app launch marks a significant step in fintech innovation.
“We are exceptionally proud of our team and the bank we have built here in Mexico. We are very grateful to the authorities for this vote of confidence and their commitment to fostering competition in the industry, and we are confident that our offering will benefit millions…” — Juan Miguel Guerra, CEO, Revolut Bank Mexico
The introduction of a fully licensed digital bank is expected to impact Mexico’s banking landscape. It may increase competition and provide more options for Mexican consumers, potentially changing the banking experience for millions in the region.
Revolut’s entrance into the Mexican market is seen as a notable development. Other entities previously launched as neobanks but did not start with a full local banking license. This move represents a pivotal moment for digital finance in Mexico.
With expansion investments reaching $37 million, Revolut plans to bolster its presence in Latin America. Although specific figures for Mexico remain undisclosed, strategic hiring and resource deployment underscore the company’s commitment to this market.
Revolut’s entry may not immediately impact major cryptocurrencies like BTC or ETH in Mexico. Historical patterns show limited effect on crypto protocols following similar launches, as Revolut primarily provides simple trading gateways without protocol liquidity.
