2026-01-19 19:29:33

Revolut, the UK fintech giant, is making a big move again — submitting a full banking license application in Peru. What does this mean? To put it simply, they are officially entering Latin America.

The fintech market in Latin America has been booming in recent years, with local players already securing their positions. Revolut's move is quite bold — they are directly applying for a full banking license instead of pursuing other types of permits, which means they intend to make a big impact there. Competition will definitely be fierce — after all, the leading fintech companies in the region are all eyeing this opportunity.

Peru is an interesting entry point, as it is one of the countries in South America with relatively open financial policies. Starting here, there’s a good chance they will expand to other countries later.

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LiquidationWizard

· 12h ago

Revolut's move is actually about using full licenses to bypass local small operations and go straight for the big ones. However, competition in Latin America has already become fierce, and this time it looks like a bloody battle is inevitable.

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PrivateKeyParanoia

· 12h ago

Revolut's move is aggressive, going straight for a full banking license instead of playing small-scale tricks... The choice of Peru as a landing point is also quite strategic; there's still room for expansion from here. Wait, are they really going to fight local fintech giants in Latin America... Can they really win? The entire Latin American market has already been almost fully divided; what kind of waves can Revolut make? Alright, anyway, another wave of whale-level players is about to enter the scene. Let's wait and see. Is Peru's financial regulatory framework truly ready? I'm a bit worried about this. Revolut's move is really ambitious, aiming directly at regional expansion. In my opinion, the real competition has just begun; local players definitely won't sit still. Another Western fintech giant is coming to cut into Latin America's market. Let's see if they can successfully get the license first; approval processes... who knows?

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SerumDegen

· 12h ago

ngl revolut going full banking license in peru is either genius or getting liquidated waiting for approval... latam fintech is already bloodbath, they're basically throwing leverage into crowded trade. cascade effect incoming when locals realize foreign player eating their margins lol

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ProbablyNothing

· 12h ago

Revolut is really bold this time, directly targeting full banking licenses? In Peru? The local forces in Latin America haven't even reacted yet.

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SolidityStruggler

· 12h ago

Revolut is really everywhere vying for a spot. This time, they directly obtained a full banking license, showing big ambitions. The local players in Latin America are probably going to be panicking.

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GateUser-beba108d

· 12h ago

Revolut is really aiming to take a piece of the Latin American cake this time, directly obtaining full banking licenses, it's not playing around. Local fintechs should be careful, the wolves are coming in Europe. Breaking through from Peru is quite clever; let's see if there will be a chain reaction later. Speaking of this pace, Web3 cross-border payments are about to get competitive again... If Revolut truly secures the Peru license, it will need to see how local players respond. It feels like this is a signal from European fintechs to the Latin American market. What are the odds? Can this deal succeed? It seems policies in South America are not that easy to navigate.

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