Revolut Opens Its First Bank Outside Europe, Starting in Mexico

Revolut has made a decisive move into Mexico. On Tuesday (27), the British fintech announced the launch of full banking operations in the country, ending its testing phase. This marks the first time Revolut has opened a licensed bank outside Europe. Revolut Bets on Mexico’s Costly, Fragmented Banking System Mexico was a deliberate choice. With a population of around 130 million and a traditional banking system widely viewed as expensive and bureaucratic, the country presents a strong opportunity for a fully digital bank. Revolut sees demand for app-based banking with lower fees and simplified access. ¡Hola, México! 🇲🇽We’ve made history as the first independent digital bank to get full regulatory approval in Mexico.We’ll soon offer a comprehensive range of financial services with enhanced customer protection and deposits by the IPAB.Join the waitlist ➡️… pic.twitter.com/Vt3I2UAPQZ— Revolut (@Revolut) October 20, 2025 To secure its Mexican banking license, Revolut took an unusual route. It became the first independent digital bank to gain approval through a direct application to regulators, without acquiring a local institution or forming a partnership. The company capitalized the operation with more than $100 million, twice the regulatory minimum. At launch, its capital adequacy ratio stood at 447.2%, far above requirements. Credit rating agencies responded favorably. HR Ratings assigned a long-term HR AAA rating, while S&P Global issued an ‘mxA+’ rating with a stable outlook. It’s official — we’ve secured a $75 billion company valuation.This (still) makes us Europe’s most valuable private company and in the top 10 of the world's most valuable private companies. pic.twitter.com/rNgJteE6OA— Revolut (@Revolut) November 24, 2025 High Capital Buffer and Product Design Target Consumer Trust Revolut’s product offering targets key consumer pain points. Its checking account provides automatic interest on balances, with higher returns applied to the first 25,000 Mexican pe...