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Revolut is expanding its business in Europe, although obtaining additional banking licences isn’t necessary, according to Western Europe CEO Béatrice Cossa-Dumurgier.
The British neobank, which now boasts over 65 million customers worldwide, currently holds a full licence in Lithuania, which allows it to offer banking services across the European Economic Area.
When announcing a €1 billion investment in France this year, Revolut said that it would be applying for a French banking licence. Cossa-Dumurgier told Euronews that such a move would allow the neobank to get closer to customers through more tailored pr
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