Source link : https://www.mondialnews.com/2025/06/30/uk-fintech-giant-revolut-poised-to-acquire-bnps-cetelem-in-argentina/
UK-based fintech powerhouse Revolut is set to expand its footprint in Latin America with the acquisition of BNP Paribas’ consumer finance arm, Cetelem, in Argentina. The move, reported by Bloomberg, marks a significant step in Revolut’s strategy to strengthen its presence in emerging markets by tapping into established local financial platforms. This deal underscores the growing momentum of digital financial services in the region and highlights Revolut’s ambition to become a dominant player beyond its traditional European base.
Revolut Expands Latin American Footprint with Acquisition of BNP Paribas Cetelem in Argentina
Revolut continues to solidify its presence in Latin America with a strategic move to acquire BNP Paribas’s consumer finance arm, Cetelem, in Argentina. This acquisition marks a significant step for the UK-based fintech, enabling it to tap into Argentina’s growing digital banking sector amid a rapidly evolving financial landscape. With banking penetration increasing and demand for modern financial services surging across the region, Revolut is positioning itself as a major contender to reshape how Argentinians manage their finances. The deal is expected to facilitate Revolut’s entry into new market segments, including consumer lending, personal loans, and credit products, leveraging Cetelem’s established customer base and infrastructure.
Key benefits of the acquisition include:
- Access to Local Expertise: Integration with…
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Author : Mia Garcia
Publish date : 2025-06-30 21:03:00
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