Revolut launches full banking operations in Mexico

Revolut launched full banking operations in Mexico on 27 January 2026 through Revolut Bank S.A., Institución de Banca Múltiple, a newly established local bank that the British fintech said was the first independent digital bank to obtain a banking licence in Mexico through direct application.

Revolut capitalised the Mexican bank with more than $100 million, over double the minimum regulatory requirement. The bank carries long-term ratings of HR AAA from HR Ratings and mxA+ from S&P's national scale, both with a stable outlook.

PRODUCTS AT LAUNCH

At launch, the bank offered multi-currency accounts supporting more than 30 currencies, peer-to-peer transfers, domestic and international transfers, utility bill payments, joint accounts and interest-bearing savings accounts. Customers also have access to Revolut's RevPoints loyalty programme and its paid Premium and Metal membership plans, while accounts for children aged 6 to 17 were announced as coming soon.

The Mexican bank is led by chief executive Juan Guerra. Revolut co-founder and chief executive Nik Storonsky said: "This launch is a blueprint for expansion into other high-growth markets, and we are confident in replicating this success on our journey to reach over 100 million daily active customers in 100 countries."

LATIN AMERICA AND THE US

Mexico is the first market outside Europe where Revolut operates its own bank. In Latin America, the company is also expanding in Brazil, Colombia and Peru. In the same period, Revolut was pursuing a national bank charter from the US Office of the Comptroller of the Currency rather than acquiring an existing US lender.