Revolut launches full banking operations in Mexico in its first expansion outside Europe

Customers in Mexico can now download the Revolut app from the iOS App Store or Google Play Store to open an account.

Revolut, the global fintech with over 70 million customers, announced the end of its Beta phase today, officially launching its full banking operations in Mexico. „Revolut Bank S.A Institución de Banca Múltiple is the first bank that Revolut has established and launched outside of the European continent. This strategic expansion into one of the world’s key markets extends Revolut’s presence to 40 countries.” – according to the press release.

„Revolut is the first independent digital bank to obtain a banking license in Mexico through a direct application, and has capitalized its operations with over USD$100M – more than double the regulatory minimum – reflecting a deep, long-term commitment to the market. This provides a Capital Adequacy Ratio (CAR) of 447.2% at launch, ensuring the financial stability and security of its new operations and aligning with Revolut’s global strategy of prudent financial management.” – the bank said.

Nik Storonsky, Revolut’s Co-founder and CEO, commented: “Revolut’s technology will empower millions across Mexico with better financial tools. 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.”

Juan Guerra, CEO of Revolut Bank, said: “We have arrived to revolutionize banking in Mexico. Finally, there is an elegant digital alternative to traditional institutions, offering everything from high-yield savings to seamless international transfers and tools for the whole family. Revolut Bank S.A. has launched to help people in Mexico get more out of their money, and this is only the beginning.”

Following a successful early access program with thousands of users, Revolut Bank SA IBM is launching with a full suite of digital banking services tailored to the needs of the Mexican market:

Yield bearing Savings: Users earn market leading yield on money saved within personal, joint and family accounts. Personal accounts offer the option to earn a higher yield for the first $25,000 MXN saved without the need to store these funds in a specific vault.

Borderless Spending: Hold and exchange nearly over 30 currencies at competitive rates to spend in local currency when traveling or shopping online internationally.

Effortless Transfers: Send money instantly and for free to other Revolut users globally or make low-cost international transfers to foreign bank accounts.

. Seamless Bill Payments: Pay utility and service bills and set up Direct Debits for recurring payments directly in the app.

. Shared Finances: Open joint accounts to manage shared expenses and savings goals with a partner, friend or family member.

. Family Accounts: Teach children financial skills with Revolut Kids & Teens, an account for 6-17 year olds, complete with its own card and savings features, all overseen by a parent. This product is launching very soon.

. Premium Subscriptions: Unlock exclusive benefits with plans like Metal, which offers a customizable metal card, and enhanced travel perks like access to VIP lounge in Mexico City and Travel assistance among others.

. Gift Cards: Purchase and send digital gift cards from major retailers directly from the app.

. RevPoints & Miles: Earn points on every card transaction and redeem them for travel rewards like airline miles or discounts on top brands.

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Founded in 2015, Revolut has grown to over 70 million customers and in 2024 achieved its four consecutive years of profitability. The Revolut Group also reported revenues of $3.8 billion USD during that year and a valuation of $75 billion USD in its most recent funding round, which happened in 2025. The company operates with a team of over 10,000 people across 40 countries.