Revolut is officially expanding into Mexico. On the 27th (Tuesday), the British fintech company Revolut announced that it has completed its testing phase and will begin full banking operations in Mexico.

Revolut has established the first bank authorized outside Europe.

Revolut targets Mexico's complex banking system.

Mexico is a strategically chosen market. Considering its population of approximately 130 million and the traditional financial system, which is seen as expensive and bureaucratic, we believe there is a significant opportunity for a fully digital bank to enter.

Revolut sees demand for app-based banking services that offer lower fees and easy accessibility.

Revolut adopted a unique approach to obtain a banking license in Mexico. It became the first independent digital bank to apply directly to the regulatory authorities for approval without local acquisitions or partnerships.

Revolut started its business with a capital of over 100 million dollars, which is double the regulatory minimum. At the time of launch, the capital adequacy ratio was 447.2%, significantly exceeding the requirements.

Credit rating agencies have also given positive assessments. HR Ratings assigned a long-term HR AAA rating, while S&P Global assigned a rating of 'mxA+' with a stable outlook.

High capital buffer · Product design, consumer trust goals

Revolut offers products that address major consumer pain points. The checking account automatically pays interest on the deposited balance, with a higher interest rate applied to the first 25,000 Mexican pesos. There is no need to move funds to a separate savings product.

Transfers between Revolut users are processed instantly and free of charge. International transfers to external bank accounts incur lower fees. The app allows balance management in over 30 currencies, with competitive exchange rates.

This fintech company is also targeting specific customer segments. The metal subscription includes a personalized card and access to lounges at Mexico City airport. The 'Revolut Kids and Teens' service for ages 6 to 17 will also be launched soon.

Nick Storneski, CEO and co-founder, described Mexico as the blueprint for expansion into emerging markets. He stated, "The launch in Mexico will serve as Revolut's model for global banking infrastructure expansion" – Nick Storneski, CEO and co-founder.

This entry is based on a solid financial structure. Revolut recorded 3.8 billion dollars in revenue in 2024, achieving profitability for four consecutive years.

In 2025, Revolut achieved a corporate valuation of 75 billion dollars through new investments.