Digital bank Revolut is considering the Philippines as the next stop in its global expansion and may apply for a banking license in the country, according to Techub, citing Finextra Crypto. The UK-headquartered fintech company offers a range of services that include cryptocurrency trading. If the move goes through, it would help Revolut broaden its financial services footprint in Southeast Asia, including offerings tied to crypto assets. The report did not disclose a timeline for any potential application or launch. The development points to the Philippines being evaluated as a possible entry market as Revolut looks at further international growth.
Digital bank Revolut is eyeing the Philippines as the next stop in its global expansion plan and could pursue a banking license there, Techub reported, citing Finextra Crypto.
Revolut is a fintech company based in the UK. It offers services including cryptocurrency trading.
If it works out, the move would let the company widen its financial services in Southeast Asia, including ones tied to crypto assets.
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