Revolut Secures French Banking Licence for Western Europe Expansion

Revolut has secured a full banking licence in France, establishing a second European hub to accelerate its expansion across Western Europe. The licence, granted on August 10, 2026, was jointly approved by France's Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the European Central Bank (ECB), with the decision formally adopted by the ECB Governing Council.

The approval allows Revolut Bank S.A., the company's French entity, to begin serving customers in France, with plans to progressively expand into Germany, Ireland, Italy, Portugal, and Spain in subsequent phases. This creates a dual-hub model for the fintech giant, with its Lithuanian entity, Revolut Bank UAB, continuing to manage operations for the rest of the European Economic Area (EEA). Both entities will be supervised by their local regulator and the ECB.

"This licence gives us the foundation to build the next generation of banking for more than 30 million customers across Western Europe," said Nik Storonsky, founder and CEO of Revolut. He described France as an ideal platform for growth, citing its dynamic financial ecosystem and robust regulatory framework. Béatrice Cossa-Dumurgier, CEO of Western Europe at...