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Comment on British neobank Revolut launches banking operations in Mexico with a special perk for US-Mexico transfers by Jeff
['Mnd Staff']
Comments for Mexico News Daily
British neobank Revolut has started full banking operations in Mexico, introducing a novelty service for the Mexican market: free remittances from and to the United States.
“Today is a very important day,” Revolut’s CEO in Mexico Juan Miguel Guerra Dávila said on a post in his social media channels.
Revolut began offering services to select users in Mexico in December under its new banking license, as part of beta phase testing.
But Revolut’s most anticipated service is free remittances.
To date, Revolut has invested some US $100 million in Mexico, and Guerra anticipated they’ll invest another US $100 million in the next year.