Revolut launches full-fledged banking in Mexico

Revolut, a global fintech serving over 70 million customers, today announced the end of its beta phase and the official launch of full banking operations in Mexico. Revolut Bank S.A. Institución de Banca Múltiple is the first bank the company has established and launched outside Europe. This strategic expansion into one of the world's key markets extends Revolut's presence to 40 countries and confirms its long-term commitment to providing innovative financial solutions globally.

Revolut is the first independent digital bank to obtain a banking license in Mexico through a direct application process. The bank's operations have been recapitalized with more than $100 million—more than double the regulatory minimum requirement—reflecting a deep, long-term commitment to this market. At launch, this provided a capital adequacy ratio (CAR) of 447.2%, ensuring financial stability and security for new operations, in line with the company's global strategy of prudent financial management.

Revolut Bank S.A., Institución de Banca Múltiple, received very good credit ratings at the beginning of its operations, signaling stability and solid financial foundations.

These ratings reflect the agency's belief that Revolut Bank S.A., Institución de Banca Múltiple will maintain a high level of capital and adequate liquidity. They also show strong confidence in the bank's financial strength and resilience. Key supporting factors include the Revolut Group's strong backing, solid initial capital, world-class digital banking offering, and experienced management team.

Nik Storonsky, co-founder and CEO of Revolut, commented:

Revolut's technology will give millions of people in Mexico access to better financial tools. This launch is a model for expansion into other high-growth markets. We are confident that we will repeat this success on our way to reaching our goal of over 100 million daily active customers in 100 countries.

Juan Guerra, CEO of Revolut Bank, added:

"We have arrived to revolutionize banking in Mexico. Finally, there is a sleek, digital alternative to traditional institutions, offering everything from high-interest savings to hassle-free international transfers and tools for the whole family. Revolut Bank S.A. was created to help Mexicans better manage their money, and this is just the beginning."

Following a successful early access program involving thousands of users, Revolut Bank SA IBM is launching a full suite of digital banking services tailored to the Mexican market.

Revolut's entry into the Mexican market builds on the company's global success. Founded in 2015, the fintech now serves over 70 million customers and achieved its fourth consecutive year of profitability in 2024. The Revolut Group reported revenues of $3.8 billion this year and was valued at $75 billion in its latest funding round in 2025. The company employs over 10,000 people in 40 countries.

Customers in Mexico can now download the Revolut app from the App Store (iOS) or Google Play and open an account.