Core Insights - Revolut has officially launched full banking operations in Mexico, marking its first bank entity outside Europe and ending its beta phase in the country [1] - The company aims to use its Mexican operations as a blueprint for further expansion into other high-growth markets globally [1][5] Financial Commitment - Revolut has capitalized its Mexican subsidiary with over USD $100 million, more than double the regulatory minimum, resulting in a Capital Adequacy Ratio (CAR) of 447.2% at launch [2] - This substantial investment indicates a strategy of prudent financial management and long-term commitment to the region [2] Regulatory Milestone - Revolut is the first independent digital bank to obtain a banking license in Mexico through a direct application process, rather than through acquisition [3] Credit Ratings - The new entity has secured strong initial credit ratings, with HR Ratings assigning a long-term rating of HR AAA and S&P National Ratings assigning a long-term issuer rating of 'mxA+', both with a Stable Outlook [4] Global Expansion Strategy - The launch is seen as a blueprint for expansion into other high-growth markets, with the goal of reaching over 100 million daily active customers in 100 countries [5] - The company’s global customer base has now surpassed 70 million, extending its presence to 40 countries [6] Product Offerings - Mexican customers will have access to a full suite of digital banking services, including: - Yield-bearing savings accounts with high-yield returns for the first $25,000 MXN saved [9] - Cross-border capabilities to hold and exchange over 30 currencies and make instant, free transfers to other Revolut users globally [9] - Access to premium subscription plans, gift cards, and a loyalty scheme called 'RevPoints' [9] - Upcoming accounts for 6-17 year olds under the 'Revolut Kids & Teens' banner [9]