Revolut has long awaited a banking licence in its home market

Revolut has long awaited a banking licence in its home market

British fintech company Revolut on Wednesday said it had obtained a full UK banking licence from regulators, lifting restrictions on it competing with established retail lenders.

"This milestone means that Revolut Bank UK... will be able to start offering accounts as a fully licensed bank for both retail and business customers," it said in a statement.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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