LONDON / LIMA — Jan 19 (GeokHub) British fintech giant Revolut has applied for a full banking license in Peru, marking its fifth expansion move in Latin America as it accelerates growth in emerging markets, the company said on Monday.
The London-based firm, valued at around $75 billion and widely regarded as Europe’s most valuable financial technology company, is pushing aggressively into high-growth regions under a strategy to reach 100 million customers by 2027.
A successful application would allow Revolut to roll out a broader range of localised banking and financial products in Peru, deepening its footprint in a region where digital finance adoption is accelerating.
Latin America Seen as Key Growth Market
Revolut’s move reflects rising private-sector interest in Latin America’s digital banking sector, driven by near-universal smartphone usage and a large population that remains underbanked or underserved by traditional lenders.
The company already serves more than 70 million retail customers worldwide and has announced plans to expand further across the region, including Brazil, Mexico, Colombia and Argentina.
Industry analysts say Peru offers significant potential for digital-first banks, as consumers increasingly turn to mobile platforms for payments, savings and cross-border transactions.
Global Expansion Continues
Beyond Latin America, Revolut has been stepping up its global ambitions. The firm recently secured a cryptocurrency license in Cyprus and unveiled plans to launch a payments platform in India, one of the world’s fastest-growing digital economies.
Revolut said its expansion strategy focuses on markets with strong mobile adoption and regulatory pathways that support fintech innovation.
