Revolut Formally Secures Full UK Banking License in Global Digital Banking Milestone

London-based Revolut, founded in 2015, serves more than 75 million customers worldwide, including about 1 million in the United States. Its U.S. services currently rely on partner banks. A national bank charter would give Revolut direct access to Federal Reserve payment networks including Fedwire and ACH, while allowing it to offer deposits, credit cards and loans itself and reduce intermediary costs.

Revolut applied to the Office of the Comptroller of the Currency for a national bank charter on March 5, 2026, and sought deposit insurance from the Federal Deposit Insurance Corporation. U.S. CEO Cetin Duransoy said on June 3 that the company aimed to begin operations in 2027, offering checking and high-yield accounts insured for up to $250,000 per account, as well as stablecoins, multicurrency deposits, stocks and cryptocurrency trading.

UK fintech company Revolut has more than 70 million customers worldwide and operations in Brazil, Mexico, Colombia and Argentina. Its entry into Peru is part of a plan to expand into 100 markets, with the goal of becoming the country’s first fully licensed digital-only bank.

Peru’s Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) issued Resolution No. 00949-2026 on March 30, 2026, and published it on April 1, authorizing the incorporation of Revolut Bank Perú S.A. The approval covers only its organization, and no investment amount was disclosed. The bank must still complete its incorporation, pass regulatory inspections and obtain an operating license before it can formally open for business.