Revolut gets green light to buy Argentinian bank

Revolut is officially moving into the Latin American banking market after receiving regulatory approval to acquire Banco Cetelem in Argentina from BNP Paribas. For retailers and operators, this signals a massive shift in how consumer financing will be delivered in emerging markets. Revolut isn't just an app anymore; it is acquiring a full banking license in the region. This gives them the legal infrastructure to offer localized lending products, credit cards, and potentially Buy Now, Pay Later (BNPL) services directly to Argentinian consumers. If you operate internationally or have customers in South America, this move suggests that the 'super-app' model of financing is gaining ground. Banco Cetelem was primarily known for consumer credit and retail lending. By absorbing this entity, Revolut can instantly plug its modern technology into an existing loan portfolio. This will likely lower the barrier for consumers to access credit at the point of sale. It also increases competition for traditional banks, which often forces a wave of innovation and better terms for merchants who want to offer financing to their customers. Keep an eye on how Revolut integrates its credit products here, as it may serve as a blueprint for their expansion into other markets where they are currently seeking banking licenses.

Source: Finextra — Lending

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