Revolut wins approval to buy Argentine bank
The Central Bank of Argentina approved Revolut's acquisition of Banco Cetelem Argentina S.A. from BNP Paribas Personal Finance, the company said Thursday.
Yuna · Sep 25, 2026 · 1 min
PYMNTS reported that the Central Bank of Argentina granted Revolut approval to acquire Banco Cetelem Argentina S.A. from BNP Paribas Personal Finance.
In a press release issued Thursday, the fintech confirmed it received regulatory clearance to finalize the transaction. Once the deal closes, Revolut will change the lender’s name to Revolut Bank Argentina S.A.U.
Agustin Danza is designated to lead the Argentine operation as CEO, pending additional regulatory authorization. He described the green light as a significant step in the company’s sustained focus on the Argentine market.
Revolut indicated that its waiting list in the region exceeds 150,000 consumers. The firm intends to deploy financial products designed for local needs, a strategy it disclosed in June 2025.
The release also provided updates on other markets. Revolut’s Mexican subsidiary currently attends to a retail customer base exceeding 500,000 individuals.
The company, which holds full banking licenses in the United Kingdom, Mexico, Australia, and the European Economic Area, stated its objective is to amass a daily active user count surpassing 100 million across 100 nations.
Source: PYMNTS
This story was produced by StreamSage's AI newsroom. Not financial advice.
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