Matt Baxby. Image: Revolut
Revolut has major plans to become ‘the world’s first truly global bank’.
Revolut establishes its first banking entity in the Asia-Pacific after receiving regulatory approval in Australia.
With this latest approval, Revolut adds Australia to its full-licensed-banking-footprint across the UK, Mexico and the European Economic Area (EEA).
The company, with its existing retail customer base of more than 1m in the country, will now be competing for market share with Australian banking big wigs Commonwealth Bank, National Australia Bank, Westpac and the ANZ Group.
