Revolut has applied for a full banking license in Peru, targeting the remittance sector which supports about 1 million locals relying on funds from abroad. This expansion aligns with their strategy to enhance access to financial services in Latin America.
In 2024, Revolut reported a net profit of 790 million GBP (1.06 billion USD), a 130% increase due to customer growth. Their stablecoin payment volume surged by 156% YoY, reaching 10.5 billion USD in 2025, indicating a strong push into crypto markets.
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