Revolut seeks Swiss banking license
Digital bank Revolut has applied for a Swiss banking licence and plans to invest over 150 million francs to expand its services. The fintech currently serves 1.3 million customers in Switzerland and aims to increase its market penetration.
Revolut has applied for a banking license in Switzerland and plans to invest 150 million Swiss francs ($183.31 million) to expand locally. The digital bank aims to scale up its operations in a lucrative European market. The expansion follows similar regulatory milestones across other major jurisdictions.
