Revolut received a full banking license in France
British fintech company Revolut has received a full banking license in France. The permit was granted to the new entity Revolut Bank S.A. after a joint assessment by the French banking regulator ACPR and the European Central Bank.
The final decision to issue the license was made by the ECB Governing Council. It allows Revolut to develop a full-fledged banking business in France, not limited to payment and electronic financial services.
Thanks to its new status, the company will be able to gradually expand its product list for customers. This includes loans, savings, and other regulated banking products. However, their actual launch will depend on the rollout schedule and separate regulatory procedures.
The French entity is set to become Revolut's operational hub in Western Europe. Through it, the company plans to serve customers in France, Germany, Ireland, Italy, Portugal, and Spain.
At the same time, Revolut Bank UAB, registered in Lithuania, will continue to operate and remain a vital part of the group's European business. The company will transition to a model with two banking hubs — in France and Lithuania. Both entities will be supervised by the European Central Bank.
Revolut already serves around 30 million customers in Western Europe. Nearly 8 million new users in the region joined the service just in 2025. Globally, over 75 million customers use the company's financial products.
The company is also preparing to open a Western European headquarters in Paris. Revolut plans to invest more than €1 billion in developing its business in France and neighboring countries.
As part of the expansion, the company has already confirmed the hiring of over 400 employees in the region. In the future, more than 1.5 thousand specialists may work directly for the new banking entity.
For Revolut customers in France, including Ukrainians residing in the country, the license means the potential availability of a wider range of banking products within a single app. The conditions for any possible transfer of accounts to the French entity will be communicated to users separately by the company.
