Revolut, the UK-based global neobank, is preparing to make its official banking debut in Argentina through the acquisition of Banco Cetelem.
This strategic move marks the company’s first full banking entry into Latin America, positioning Revolut for deeper expansion across the region.
Why Argentina — and Why Now?
Argentina’s economy has long faced hyperinflation, currency volatility, and banking instability, yet its people are digitally savvy and mobile-first.
Revolut sees an opportunity to serve millions who remain underbanked or frustrated with slow, expensive, and outdated banking models.
“Argentina represents the next frontier,†said Ana MartÃnez, Revolut’s Head of Expansion, noting rising demand for transparent digital alternatives.
By acquiring Banco Cetelem, Revolut plans to offer fully licensed local services, including savings, lending, and peso-based accounts.
A Strategic Fit: Banco Cetelem Argentina
Banco Cetelem, a subsidiary of BNP Paribas Personal Finance, has operated in Argentina since 2006 with strong retail lending partnerships.
It specializes in installment financing and consumer loans, particularly through electronics and furniture retailers across major cities.
Revolut aims to leverage Cetelem’s infrastructure, customer base, and license to fast-track its Argentine launch by late 2025.
Pending approval, this acquisition will enable Revolut to offer several tailored services, including:
- Peso-denominated accounts with seamless domestic and international transfers
- Cryptocurrency trading and FX at real interbank rates
- Spanish-language budgeting tools and spending insights
- Local debit cards with cashback, travel perks, and dynamic FX options
- Personal loans and merchant credit, optimized for Argentina’s inflation-driven economy
Building Local, Thinking Global
Revolut says Argentina won’t be a copy-paste of its European model. Instead, it’s building a localized strategy from the ground up.
This includes adapting products to hyperinflation, capital controls, and dollar-based parallel markets that shape everyday consumer finance.
Revolut’s compliance and product teams are working with Argentine fintech advisors, former regulators, and economic researchers to localize fully.
Additionally, the company will launch a Buenos Aires tech hub, employing 100+ local engineers, PMs, and customer support staff by mid-2026.
LATAM Ambitions Beyond Argentina
While Argentina is the first major market, Revolut’s LATAM roadmap includes Chile, Colombia, and cross-border remittances from Europe.
The region’s fragmented banking infrastructure and high cash dependence create opportunities for multi-currency, app-driven banking experiences.
Revolut believes its mix of borderless payments, lifestyle tools, and crypto access fits a region that craves financial freedom.
If it succeeds in Argentina, Revolut could become the first neobank with a truly end-to-end LATAM footprint.
Regulatory Path and Next Steps
The acquisition still requires approval from Argentina’s Central Bank (BCRA), which is expected to take six months for review.
Meanwhile, Revolut has already started private beta testing in Buenos Aires with digital nomads, freelancers, and tech-savvy consumers.
The company plans to scale slowly, first refining features around local use cases and compliance, then expanding regionally by early 2026.
With over 40 million users globally, Revolut’s move into Argentina is being closely watched as a test of fintech localization.
A Turning Point for Latin American Fintech
If successful, this move could redefine how global neobanks compete in emerging markets, especially those with economic instability.
Revolut in Argentina could inspire other fintechs to follow — blending global infrastructure with local trust and tailored experiences.
By acquiring Banco Cetelem and launching native products, Revolut Argentina is set to become a serious player in South America’s digital finance.