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”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
