Revolut Receives Approval from Central Bank of Argentina to Acquire Banco Cetelem

Digital bank Revolut has secured approval from the Central Bank of Argentina to acquire Banco Cetelem Argentina, a subsidiary of BNP Paribas. Upon completion, the entity will be rebranded as Revolut Bank Argentina S.A.U. and operate as a licensed bank. While the firm will not offer public services immediately, it plans to launch local operations after meeting remaining regulatory requirements. Revolut reports that over 150,000 people have joined its waitlist for the Argentine market.