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Fintech firm Revolut obtains full French banking license to expand its Western European operations
Fintech company Revolut has obtained a full banking license in France, approved jointly by the French Prudential Supervision and Resolution Authority (ACPR) and the European Central Bank (ECB). This move is part of Revolut's expansion plan in Western Europe, where the company has invested over €1 billion in the past year and plans to hire more than 600 employees. Revolut also intends to establish its Western European headquarters in Paris by 2027 and will progressively roll out banking services in France, Germany, Ireland, Italy, Portugal, and Spain.
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