Crypto
Revolut applies for banking licence in Peru, targets remittances market
British fintech firm Revolut has applied for a banking licence in Peru to expand in Latin America, Cointelegraph reported. If approved, it would be able to operate as an official bank in Peru, after Mexico, Colombia and Brazil. Revolut is focusing on remittances and cross-border payments, highlighting that about 1,000,000 Peruvians depend on overseas transfers. Peru’s personal remittances totalled $4.93 billion in 2024.
