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Revolut Reportedly Acquiring Argentinian Lender Banco Cetelem

  • Revolut is set to acquire Banco Cetelem, a small Argentinian lender owned by BNP Paribas.
  • Revolut aims to offer tailored financial services in Argentina, including multicurrency accounts, P2P transfers, credit, savings, and investment products.
  • Cetelem, one of the smallest banks in Argentina with around $6.4 million in assets, is undergoing regulatory processes for the acquisition by Revolut.
  • The acquisition aligns with Revolut's plans to expand banking operations globally, targeting countries like New Zealand, Singapore, and the United Arab Emirates.

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