{
  "id": 9764514,
  "title": "Revolut wins Argentina Central Bank approval, plans 2027 launch",
  "url": "https://urgent.news/2026/09/25/revolut-wins-argentina-central-bank-approval-plans-2027-launch",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T12:26:55.000Z",
  "source": {
    "name": "Buenos Aires Times",
    "slug": "buenos-aires-times",
    "url": "https://www.batimes.com.ar/news/economy/revolut-wins-argentina-central-bank-approval-plans-2027-launch.phtml"
  },
  "original_language": "en",
  "account": "Revolut Ltd. secured approval from Argentina's Central Bank to acquire Banco Cetelem Argentina, paving the way for the UK-based fintech to commence banking operations in the nation. This regulatory endorsement will facilitate Revolut's planned commercial launch in 2027, according to company CEO Agustín Danza. Danza emphasized that securing a banking license marks a significant milestone, as it enables Revolut to fully utilize its value proposition and create a substantial impact in the market. In 2025, Revolut secured Banco Cetelem Argentina from BNP Paribas SA as part of its growth strategy in Latin America, aiming to obtain a banking license through the acquisition. With the approval, Revolut plans to finalize the transaction, positioning the company as a promising growth opportunity in the region. Following the transaction, Banco Cetelem will be rebranded as Revolut Bank Argentina SAU, initially without public-facing products or services as it focuses on building its business. Over 150,000 Argentinian consumers have pre-registered for Revolut's services, eager to access the company's upcoming product suite. The company has also assembled a local board, including former HSBC Argentina executive Juan Marotta, as its chairman. Argentina represents a key growth market for digital banking, given its large, underserved population. Revolut has already established a presence in digital banking in Mexico and Brazil, operating under a direct-credit license in Brazil. The fintech's entry is expected to intensify competition in Latin America's advanced digital-payments landscape, where it will face established players like Mercado Pago, the fintech arm of e-commerce giant MercadoLibre Inc., as well as local banks and fintech companies such as Ualá and Naranja X. MercadoLibre previously indicated intentions to seek a banking license for its Argentine fintech unit. In September, a central bank official suggested that the license would be granted before the end of the year.",
  "summary": "Approval allows fintech firm to move ahead with preparations for a commercial launch in Argentina next year. Leer más",
  "key_points": [
    "Revolut secured Central Bank approval for Banco Cetelem acquisition in Argentina.",
    "CEO Agustín Danza confirms 2027 commercial launch timeline.",
    "Over 150,000 Argentinians pre-registered for Revolut services."
  ],
  "editors_take": null,
  "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."
}