{
  "id": 9665164,
  "title": "Revolut Wins Central Bank Approval to Acquire Argentine Bank",
  "url": "https://urgent.news/2026/09/25/revolut-wins-central-bank-approval-to-acquire-argentine-bank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T00:41:08.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/news/banking/2026/revolut-wins-central-bank-approval-to-acquire-argentine-bank/"
  },
  "original_language": "en",
  "account": "Revolut has secured Central Bank of Argentina approval to acquire Argentine bank Banco Cetelem Argentina S.A., as announced in a press release on Thursday, September 24th. The acquisition will see Revolut purchasing the bank from BNP Paribas Personal Finance and establishing its local presence in Argentina to launch its services in the future, according to the release. After the transaction, Revolut plans to rebrand Banco Cetelem Argentina S.A. as Revolut Bank Argentina S.A.U. The company currently has more than 150,000 Argentine consumers on its waitlist and has received strong interest from potential customers and business partners in the country, as stated in the release. Agustin Danza, who will serve as CEO of Revolut Bank Argentina S.A.U. following the acquisition, subject to Central Bank approval, expressed his excitement about the milestone, saying, \"This is an important milestone in our long-term commitment to Argentina. Receiving approval from the Central Bank brings us one step closer to establishing our banking operations in the country, as we continue building our local capabilities and preparing to bring Revolut’s global financial platform to Argentine customers.\" Since its inception, Revolut has been expanding its banking operations globally, operating as a fully licensed bank in the UK, Mexico, Australia, and the European Economic Area. The company is working towards obtaining licenses in the US, UAE, Peru, and South Africa, with plans to expand its licensed banking footprint across Latin America. Revolut acquired Banco Cetelem in June 2025, announcing its intention to offer financial services tailored to the Argentine market. Banking penetration in Argentina is high, but access to financial products like credit remains limited. Revolut made its banking debut in Mexico in January, becoming the first independent digital bank to obtain a license through a direct application. Co-Founder and CEO Nik Storonsky announced at the time that the launch would serve as a blueprint for future expansion into high-growth markets, with Revolut aiming to reach over 100 million daily active customers in 100 countries. As of the release, Revolut Bank in Mexico serves over 500,000 retail customers.",
  "summary": "Revolut is moving ahead with the completion of its acquisition of Argentine bank Banco Cetelem Argentina S.A. after receiving approval from the Central Bank of Argentina, the company said in a Thursday (Sept. 24) press release. Revolut is acquiring the bank from BNP Paribas Personal Finance and is building its local operations in Argentina in […] The post Revolut Wins Central Bank Approval to…",
  "key_points": [
    "Revolut secured Central Bank of Argentina approval to acquire Banco Cetelem Argentina.",
    "Acquisition announced on September 24th, with CEO Agustin Danza to lead Revolut Bank Argentina.",
    "Revolut aims to launch services in Argentina, rebranding Banco Cetelem as Revolut Bank Argentina."
  ],
  "editors_take": "Revolut's acquisition of an Argentine bank and central bank approval cements its expansion into Latin America, building on its licensed banking presence in the UK, Mexico, Australia, and the European Economic Area.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}