Revolut has announced that Revolut Bank S.A. has received a full French banking licence following a joint assessment by the European Central Bank (ECB) and the French prudential regulator ACPR.
The approval represents a major milestone for the digital bank, strengthening its position among Europe’s leading retail banking providers. It also supports Revolut’s next phase of international growth while allowing the company to further adapt its products and services to local market needs.
A new chapter for Revolut’s European expansion
“This achievement reflects months of close collaboration with the ACPR and the European Central Bank, whose rigorous standards have helped us build the right foundations for long-term growth in the region,” said Béatrice Cossa-Dumurgier, CEO Western Europe at Revolut.
She added that the company’s focus will now shift toward implementation, beginning with customers in France before gradually expanding across Western Europe. Revolut also plans to accelerate the localisation of its products and services to better serve both retail and business customers across different markets.
The French banking licence follows Revolut’s receipt of a full UK banking licence in March 2026 after overcoming several regulatory challenges and delays.
Expansion across Western Europe
Revolut currently serves more than 30 million customers across Western Europe, including eight million customers added during the previous year. Globally, the digital bank has surpassed 75 million customers.
Over the past year, Revolut has announced plans to invest more than €1 billion in Western Europe and hire more than 600 employees across the region.
The company has also confirmed plans to open its new Western European headquarters in Paris in 2027.
France to lead the next phase of growth
Revolut Bank S.A. will begin serving European consumers gradually, starting with France. Other markets, including Ireland, Germany, Italy, Spain and Portugal, will follow in phases.
“This licence gives us the foundation to build the next generation of banking for more than 30 million customers across Western Europe. France has become a leading financial hub, supported by a dynamic financial ecosystem and a robust regulatory framework,” said Nik Storonsky, founder and CEO of Revolut.
Storonsky added that France provides an ideal platform to accelerate Revolut’s next stage of growth and move closer to its ambition of becoming one of Europe’s largest and most trusted banks.
Two-entity model across Europe
Revolut’s Lithuanian entity, Revolut Bank UAB, will continue to serve as the main operational hub for the rest of the European Economic Area (EEA).
The dual-entity structure is designed to support Revolut’s continued expansion across Europe, with both banking entities remaining under the supervision of the European Central Bank and relevant national authorities.
