"Launching our UK bank has been a long-term strategic priority for Revolut and marks a significant moment in our journey. The UK is our home market and central to our growth. We look forward to introducing a full suite of banking services to our millions of UK customers, bringing the same innovative experience we already provide across the rest of Europe."
"Securing this licence lays the foundation for our next chapter: expanding into a broader suite of products, including credit, to sit alongside the innovative services our customers already rely on every day."
Revolut has received a full UK banking licence from the Bank of England's Prudential Regulation Authority, following its restricted licence granted in 2024. This approval enables the fintech company to significantly expand its service offerings to its 13 million UK customers. Current accounts will begin rolling out to new users in the coming days with gradual expansion to ensure smooth operations. The company plans to introduce retail and business banking products alongside credit services. UK leadership emphasizes that securing this licence represents a strategic milestone, positioning the UK as a central market for growth and enabling Revolut to deliver a comprehensive suite of banking services comparable to its European offerings.
Read at London Business News | Londonlovesbusiness.com
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