Revolut is beginning its expansion into China, kicking off a risky process that will see the challenger bank seek approval from Chinese regulators to operate in the country. The London-headquartered financial technology business is seeking a “head of operations” for China who will work from either Shanghai or Beijing, according to The Telegraph.
The company says it’s looking for an executive who has a network of people in China that work in regulatory and public affairs to kick off its operations in the country.
Revolut’s boss Nikolay Storonsky has admitted that China is a competitive and expensive market for challenger banks.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
