Revolut has emerged from its beta phase in Mexico and is now operating fully as a bank, marking an important milestone in the company’s expansion plans.
This move enables new customers to open accounts via the Revolut app by completing a digital onboarding process.
The Mexican entity known as Revolut Bank S.A., Institución de Banca Múltiple, is the group’s first bank outside of Europe. By entering this market, Revolut has extended its presence to 40 countries and established a foothold in one of Latin America’s major financial hubs. According to Revolut representatives, the launch serves as a key reference point for future expansion into other rapidly growing regions.
Before initiating full operations, Revolut bolstered its Mexican bank with over USD 100 million, surpassing local regulatory requirements and resulting in a capital adequacy ratio of more than 400%. This strong financial cushion positions the institution well for any future challenges. Additionally, Revolut is the first digital-only bank to obtain a Mexican banking licence through direct application.
Credit ratings and initial services
Immediately following its authorization to operate, Revolut Bank S.A. received credit ratings from local agencies. HR Ratings awarded top-tier long-term and short-term ratings with a stable outlook, while S&P Global’s national scale issued investment-grade ratings with a stable perspective. The agencies highlighted strong capitalization, liquidity levels, and support from the broader Revolut Group as key factors influencing their decisions.
Revolut has launched its Mexican bank offering a full suite of digital banking services, including savings products, domestic and international transfers, foreign currency accounts, and bill payments. Additional features such as joint accounts and family-focused offerings are also available, with some services planned for gradual rollout. Premium subscription tiers and rewards programs form part of the initial product lineup.
The Revolut Group, established in 2015, reported a fourth consecutive profitable year in 2024. The company disclosed revenues of USD 3.8 billion for that period and employed over 10,000 people globally. Its latest funding round in 2025 valued the group at USD 75 billion.
