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Revolut Wants to Create 600 Jobs in Western Europe
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France's banking regulator ACPR and the European Central Bank (ECB) have granted Revolut a full banking license in France, the company announced.
Until now, Revolut has operated its EU business under a Lithuanian banking license.
According to the company, customers in Western Europe will gradually be transferred to the French entity, starting with France and followed by countries including Germany, Ireland, Italy, Portugal and Spain.
New Headquarters in ParisLast year, the company committed to investing more than 1 billion euro in Western Europe.
Western Europe, with around 30 million customers, is its largest and fastest-growing region, according to the company.