Revolut targets remittances with new banking license in Peru: Report
Revolut has obtained a banking license in Peru, aiming to enhance its remittance services in the region. This move allows the fintech company to offer local banking services, including easier money transfers and currency exchanges for users. The license is part of Revolut's broader strategy to expand its footprint in Latin America, where remittances play a significant role in the economy. The company plans to leverage its technology to provide a more efficient and cost-effective solution for sending money across borders.
Read the full article: Coin Telegraph