From Pymnts · PYMNTS · · 1m 10s
Revolut gets Colombia bank license
Revolut’s Colombia approval gives it six banking licenses and a clearer path into Latin America.
In brief
Revolut’s Colombia approval gives it six banking licenses and a clearer path into Latin America. Revolut is using local bank licenses to turn from a fintech app into a regulated global bank, with Colombia as its latest foothold. Originally reported by Pymnts.
Colombia says yes
Revolut secured a bank operating license from Colombia’s financial regulator, clearing the final rulemaking step it needed before launching as a bank there.
A waitlist is ready
The company says about 200,000 Colombians have already joined its waitlist, giving Revolut a starting audience before products go live.
The pitch is global access
Revolut plans to offer financial products in one app, with a focus on remittances and services that connect Colombian customers to overseas money flows.
“we are connecting Colombia to the global economy”
Six licenses now
Colombia becomes Revolut’s sixth full banking license, joining approvals in the U.K., France, Australia, Lithuania and Mexico.
More approvals are pending
Revolut also has conditional U.S. bank charter approval, a UAE payments license and a Peru organization license, widening its regulated footprint.
Growth funds the push
Revolut reported 2025 revenue of $6 billion, up 40%, with record profit of $2.3 billion. That gives it cash and credibility for its banking expansion.
“2025 was another landmark year”
The key point
Revolut is using local bank licenses to turn from a fintech app into a regulated global bank, with Colombia as its latest foothold.
