Revolut Files for Swiss Banking License and Commits CHF 150 Million to Drive Localized Expansion
What's happening
Revolut has applied for a Swiss banking licence and pledged CHF 150 million over five years to build localized Swiss services, including Swiss IBANs, salary accounts and deposit protection. The firm is also continuing international expansion moves: it recently secured a full French banking licence from ACPR and the ECB to serve 30 million Western European customers, got regulatory approval to buy Argentinian lender Banco Cetelem from BNP Paribas, and is growing retail bases such as surpassing 5 million customers in Romania. Separately, Revolut is expanding its RevPoints loyalty programme to let users convert points into hotel rewards with partners like Accor, I Prefer, Radisson and Wyndham.
Why it's trending
Multiple regulatory approvals and localized investments show Revolut shifting from single-license scale to tailored, on-the-ground banking in key markets right now.
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If you live in Switzerland, Revolut just promised CHF 150 million to build real Swiss bank features like Swiss IBANs and deposit protection, here's what could change for your everyday banking this year or two ahead.
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Original sources6
- Revolut Reaches 5 Million Romanian Customers as 77% of Card Payments Turn Local
Revolut has surpassed five million retail customers in Romania, making the country one of its largest markets in Central and Eastern Europe. London's trading industry is coming home! The customer figure is equivalent to roughly one-third of Romania’s estimated adult population of 15.5 million. However, it represents registered customers rather than active users and may include holders of under-18
Finance Magnates FintechOct 1 - Revolut expands RevPoints with hotel loyalty transfers
Revolut, the worldwide financial platform serving more than 80 million customers, has broadened its RevPoints loyalty scheme so that users can now move their points into hotel rewards programmes directly within the app. Under the update, RevPoints can be converted into loyalty points with ALL Accor, I Prefer Hotel Rewards, Radisson Rewards and Wyndham Rewards. […] The post Revolut expands Re
FinTech GlobalOct 1 - Revolut expands loyalty programme with hotel transfers
Revolut, the global financial platform with over 80 million customers worldwide, has today expanded its RevPoints loyalty programme, bringing hotel transfers in-app.
FinextraOct 1
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