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Revolut Launches Full Banking Operations in Mexico
Fintech Schweiz Digital Finance News· 2026-01-28 08:57
Group 1 - Revolut has launched full banking operations in Mexico, marking its first bank outside Europe and expanding its presence to 40 countries [1] - The bank was capitalized with over US$100 million, which is more than double the regulatory minimum, resulting in a Capital Adequacy Ratio of 447.2% at launch [2] - Initial credit ratings for Revolut Bank are strong, with HR Ratings assigning long-term ratings of HR AAA and short-term ratings of HR+1, while S&P National Ratings provided long-term issuer ratings of 'mxA+' and short-term ratings of 'mxA-1', all with a Stable Outlook [2] Group 2 - The bank offers various financial services including savings accounts with competitive yields, borderless spending in over 30 currencies, low-cost international transfers, bill payments, and joint accounts for shared expenses [2] - Upcoming features include family accounts for children aged 6-17, premium subscription plans, gift cards, and rewards redeemable for travel or shopping [3] - The CEO of Revolut expressed confidence in replicating the success of this launch in other high-growth markets, aiming to reach over 100 million daily active customers in 100 countries [2]