Revolut Gains Approval to Launch Digital Banking Services in Colombia

Revolut has received regulatory approval to launch digital banking services in Colombia, marking a significant milestone for the fintechs expansion in Latin America.

• The Superintendencia Financiera de Colombia granted Revolut a Constitution for banking operations, allowing the fintech to begin offering digital banking services in the country.
• With over 65 million clients globally, Revolut aims to leverage its Financial technology expertise to enhance banking accessibility and innovation in Colombia.
• This approval is a crucial first step for Revolut as it seeks to establish a presence in Colombias growing digital banking market and compete with local banks.