Revolut gets full license approval from UK

After a four-year wait, Revolut has secured full authorization to operate as a bank in the UK, allowing the fintech to expand beyond payments into core banking products. The approval enables the company to offer loans, mortgages, credit cards, overdrafts, and insured savings accounts while bringing deposits under the Financial Services Compensation Scheme. With roughly 13 million UK customers and 70 million globally, the milestone strengthens Revolut's push to become a global financial platform as it also pursues a US banking charter and targets 100 million users worldwide.