Revolut Wins Argentina Central Bank Approval to Acquire Banco Cetelem

The approval gives Revolut a licensed banking foothold in Argentina rather than a pure cross-border play, which matters for how it can hold deposits and lend locally over time. The waitlist signals demand, but the explicit absence of public products until remaining requirements are met means the licence is a starting point, not a launch. For BNP Paribas, the sale trims a retail presence in a market where scale has been hard to build. The open question is how quickly Revolut converts regulatory clearance into actual services, and whether that waitlist holds.