Revolut Secures UK Banking License, Plans Major Expansion

Revolut is gearing up for significant growth as it prepares to mobilize its operations in the UK banking sector. Recent reports indicate that the fintech company plans to hire 100 new staff members to support this expansion following the acquisition of its long-awaited UK banking license. As part of its strategic move to become a fully licensed bank, Revolut is not only increasing its workforce but is also focusing on enhancing its service offerings. The company aims to leverage its new banking capabilities to increase customer engagement and broaden its market reach. Source: pymnts.com