Revolut Approved to Acquire Banco Cetelem, Becoming a Licensed Bank in Argentina
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Digital bank Revolut has received approval from the Central Bank of Argentina to acquire Banco Cetelem Argentina, a subsidiary of BNP Paribas. After the transaction is completed, the institution will be renamed Revolut Bank Argentina S.A.U. and will operate as a licensed bank. Initially, it will not offer products or services to the public, and will officially launch local operations after fulfilling remaining regulatory and operational requirements. Currently, there are over 150,000 people on the waiting list for Revolut's services in Argentina.
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