Revolut, the British neobank, has reportedly ventured into Morocco’s banking sector and is seeking approval from Bank Al-Maghrib, the country’s central bank.

Steps for Entry

To secure its entry, Revolut has undertaken all necessary steps. This includes requesting regulatory approvals to launch its activities in the Moroccan market. While awaiting a response from the central bank, Revolut continues its recruitment efforts to expedite growth within the country.

Strategic Expansion

In July 2025, Revolut appointed an executive to oversee Moroccan operations, which will guide the company’s strategic direction and expansion in the region. The initiative aligns with Revolut’s phased approach to entering Morocco, beginning as a payment operator with plans to acquire a full banking license within two years of its launch. If granted, this license would allow Revolut to operate under limited financial services methods in accordance with Moroccan law.

Product Offerings

Revolut offers a digital experience through smartphones, including quick account opening, fee-free international payments, multi-currency cards, trading tools, and budgeting aids for tech-savvy users. The expansion into Morocco follows its potential entry into China and marks a competitive move against players like Alipay and WeChat.

Global Ambitions

Since launching in 2015, Revolut has significantly scaled its operations, now serving over 50 million users across 40 countries while obtaining licenses in the UK, Europe, and beyond. Its global strategy aims to position it as a financial superapp, with plans to expand into the United States by potentially acquiring a bank there.