Revolut began operating outside of Europe by establishing its fully licensed bank in Mexico. Following regulatory approval in October 2025, Revolut is now fully operational and accepting locally insured deposits.
Revolut has launched operations in Mexico with a capitalization of over $100 million, well above the regulatory minimum. Revolut has framed the launch as a strategic move within a broader $13 billion international expansion plan.
The license it obtained allows it to offer deposit protection of up to MXN 3.4 million (approximately $184,000) per customer, marking a shift in the company’s operating model. It moves from relying on digital assets and strategic alliances to being able to attract insured customer deposits.
Revolut began operations after receiving final approval from the National Banking and Securities Commission (CNBV). To start, the company allocated over $100 million to the Mexican bank, a capital buffer that exceeds local requirements and signals a long-term commitment to the market.
Revolut product rollout and main targets
Revolut’s initial product portfolio in Mexico includes a high-yield savings account offering a 15% interest rate, multi-currency accounts compatible with over 30 currencies, cross-border payments, bill payments, and advanced money management tools.
These features aim to differentiate Revolut from other traditional banks and gain a significant foothold in the Mexican market.
The company has set an aggressive target of reaching one million users in its first year in Mexico, a benchmark that will test customer acquisition economics and margin sustainability given the high returns on savings and other promotional pressures.
Achieving this target will be a key test of acquisition costs, deposit margins, and operational scalability, and will determine whether the launch in Mexico becomes a replicable model for further expansion outside of Europe.
