Global FinTech giant Revolut has announced plans to acquire Cetelem Argentina from BNP Paribas, marking a major step in its expansion across Latin America. The acquisition, revealed in late June 2025, signals Revolut’s intent to tap into the growing demand for digital banking services in Argentina.
Revolut, which boasts over 60 million users worldwide, is expected to bring its full suite of financial products to the Argentine market. These include multi-currency accounts, fee-free international money transfers, and competitive foreign exchange services—attractive features in a country where many residents prefer to safeguard wealth in foreign currencies due to economic instability.
Argentina’s fintech space is highly competitive, with established players such as Mercado Pago and Ualá dominating mobile payments and digital banking. However, Revolut’s entry introduces a global player with significant resources and cutting-edge technology.
A Revolut spokesperson said the firm aims “to provide secure, innovative financial services tailored to the unique needs of Argentine consumers.” The acquisition remains subject to regulatory approval, with no financial details disclosed at this stage.
The move aligns with Revolut’s broader Latin American strategy, which has already seen the fintech operating in Brazil, Mexico and Colombia. With a valuation of US$45 billion in 2024, Revolut continues to position itself as a global leader in digital banking, targeting emerging markets with high growth potential.
The Argentine market represents a key opportunity as consumers increasingly seek reliable, digital-first financial solutions amidst economic uncertainty.
