Revolut secures banking license in Peru to spearhead Latin America expansion

London-based neobank Revolut has obtained a banking license in Peru, enabling it to operate as a fully regulated bank in the country, Bloomberg reported. The move is set to spearhead the company's broader expansion across Latin America. This development comes as Revolut continues to expand its cryptocurrency and stablecoin services, having launched a feature in October of the previous year that allows users to exchange USDT and USDC with the U.S. dollar.