Revolut has obtained a full banking licence in France after a joint review by the Autorit\u00e9 de Contr\u00f4le Prudentiel et de R\u00e9solution (ACPR) and the European Central Bank (ECB). <\/p>\n
The approval comes as the company increases its presence in Western Europe. <\/p>\n
Over the past year, Revolut committed more than \u20ac1bn ($1.15bn) to the region, and announced plans to recruit over 600 employees across its Western European markets. <\/p>\n
It also set out plans to open a Western European headquarters in Paris<\/a> in 2027. <\/p>\n The Paris-based operation is overseen by senior executives including Fr\u00e9d\u00e9ric Oud\u00e9a, chair of RBSA’s board, and B\u00e9atrice Cossa-Dumurgier, chief executive for Western Europe. <\/p>\n According to the company, it has around 30 million customers in Western Europe, with nearly 8 million added in 2025. <\/p>\n Revolut Bank said it would introduce services in stages across Europe, beginning in France. <\/p>\n Germany, Ireland, Italy, Portugal and Spain are due to be included in later phases. <\/p>\n Its Lithuanian unit, Revolut Bank UAB, will continue to play a central role for the rest of the EEA. <\/p>\n Under this dual-hub arrangement in Europe, both entities will remain under the supervision of their respective local authorities and the European Central Bank. <\/p>\n The revised structure is meant to help the company adapt products more closely to local markets while building banking links through greater proximity to customers, employees and local business environments. <\/p>\n Revolut founder and CEO Nik Storonsky said: “This licence gives us the foundation to build the next generation of banking for more than 30 million customers across Western Europe. France has become a leading financial hub, supported by a dynamic financial ecosystem and a robust regulatory framework. It is the ideal platform to accelerate Revolut’s next phase of growth – bringing us one step closer to our ambition of becoming one of Europe’s largest and most trusted banks.” <\/p>\n Last month, Revolut received an independent authorised deposit-taking institution (ADI) licence<\/a> from the Australian Prudential Regulation Authority (APRA). <\/p>\n The approval marks the neobank’s official debut as a licensed bank in Australia. <\/p>\n