Revolut Wins Argentina Central Bank Approval, Plans 2027 Launch
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17 Articles
Revolut Receives Approval From the Central Bank for the Acquisition of the Cetelem Bank in Argentina
The acquisition of Cetelem Bank integrates the broader strategy of the Revolution to expand its licensed banking presence in Latin America, complementing existing operations and regulatory progress in the region.
Fintech company Revolut has received approval from Argentina’s central bank to acquire Banco Cetelem Argentina S.A. from BNP Paribas Personal Finance, the company said on Thursday, continuing its expansion in Latin America. Fintech competition will also be discussed at the Portfolio Banking Technology conference on November 10. Register and get details here!
The British entity obtained the official approval of the BCRA to acquire Banco Cetelem, from the group BNP Paribas.It will operate as Revolution Bank Argentina with Agustín Danza as CEO and with a former HSBC as president
Revolut bought the Cetelem bank from BNP Paribas to join the Argentine financial system, as part of its regional strategy
The largest European digital bank prepares its launch in the Argentine market; claims to have 150,000 customers on waiting list in the country
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