On September 28, crypto-friendly bank Revolut received approval from the Central Bank of Argentina to acquire Banco Cetelem Argentina, a bank owned by BNP Paribas. After the transaction is completed, the bank will be renamed Revolut Bank Argentina S.A.U. Revolut stated that the new bank will not immediately offer products or services to the public after the transaction is finalized, but will first complete regulatory and operational preparations in order to get ready for future commercialization. Argentine media expect that services may officially launch in 2027. Revolut noted that over 150,000 Argentine users are already on its waiting list. The company has also launched licensed banking operations in Mexico and continues to expand into Latin American markets such as Brazil and Colombia.
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Revolut Approved to Acquire Argentina's Banco Cetelem, Plans Entry into Local Banking Market
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