Revolut Secures Regulatory Milestone in Peru Ahead of Full Banking Launch
Global fintech firm Revolut has been granted an Organisation Authorisation by Peru’s Superintendency of Banking, Insurance and AFP (SBS). The authorisation permits Revolut to formally incorporate as a banking entity in Peru, representing the first stage of a two-step licensing process. The company must still undergo a supervisory inspection before receiving a Functional Authorisation, which…