Revolut, the global fintech boasting over 70 million customers worldwide, has officially been granted an Organisation Authorisation by the Superintendency of Banking, Insurance and AFP (SBS) of Peru.
The authorisation is a critical step in the company’s banking licensing process within the region. With this major regulatory milestone secured, Revolut is now actively set to become the very first fully digital bank authorised in Peru.
The path to a full operational launch
The newly granted authorisation allows Revolut to formally incorporate as a banking entity in the country. This marks the vital first stage before the company undergoes a mandatory supervisory inspection, which is required to secure the final ‘Functional Authorisation’ needed for a full operational launch.
According to the fintech, the granting of the Organisation Authorisation crystallises a firm commitment to delivering a world-class financial ecosystem to Peru’s dynamic and increasingly digital-first population.
Furthermore, by securing the license, Revolut demonstrates its current operational readiness and the ongoing strength of its local leadership team. This team is specifically tasked with bridging the company’s global technology platform with deep regional expertise to offer highly competitive, transparent, and high-value financial tools to the market.
Solidifying Latin American expansion
The move into Peru further solidifies Revolut’s ambitious, broader expansion strategy across Latin America. The country now joins Brazil, Mexico, Colombia, and Argentina as a key growth pillar in the region, supporting the firm’s stated global goal of expanding into 100 markets.
Once the subsequent Functional Authorisation is officially received, Revolut plans to introduce its core banking products and services directly to Peruvian consumers. The company anticipates that its entrance will significantly increase local market competition and actively foster greater financial inclusion across the region’s evolving payment landscape.
Julien Labrot, CEO of Revolut Peru, commented on the significance of the approval.
“Securing our Organisation License is a testament to the efficient regulatory environment in Peru and our team’s dedication to meeting the highest compliance standards,” Labrot stated.
As Revolut moves steadily toward full operational status, the company has confirmed it will continue to scale its local team and infrastructure, working to ensure that its suite of digital-first services is perfectly tailored to the realities of the Peruvian economic landscape.
