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 would clear the way for a full operational launch and the rollout of its consumer banking products and services.
Peru becomes the latest addition to Revolut’s growing Latin American footprint, joining Brazil, Mexico, Colombia and Argentina as a key pillar in the company’s regional expansion strategy.
The move also advances Revolut’s broader ambition to operate across 100 markets globally. The fintech, which counts more than 70 million customers worldwide, has said it will continue scaling its local team and infrastructure as it prepares for full market entry.
Julien Labrot, Chief Executive of Revolut Peru, described the authorisation as a reflection of both the country’s regulatory environment and the dedication of his team.
The company has emphasised its intention to offer Peruvian consumers digital-first financial products designed to improve transparency, affordability and access.
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