Revolut Receives Approval from Argentina's Central Bank to Acquire Banco Cetelem, Will Obtain Local Banking License

Odaily News: Digital bank Revolut has announced that it has received approval from the Central Bank of Argentina to acquire Banco Cetelem Argentina, a subsidiary of BNP Paribas. Upon completion of the transaction, the institution will be renamed Revolut Bank Argentina S.A.U. and operate as a licensed bank, but will not initially offer products or services to the public, and will officially launch local operations after completing remaining regulatory and operational requirements. Revolut stated that more than 150,000 people have already joined the waitlist for its Argentina business. (Crowdfundinsider)