Revolut Nears Israeli Banking License
Published
Fintech company Revolut is taking another step toward becoming a bank in Israel. It does not yet have a license, but the company is already at advanced stages of the process. According to a report in Calcalist, the company is holding talks with the Bank of Israel.
In June 2025, Calcalist first revealed that Revolut was in talks with the regulator to obtain a "lean bank" license. A bank of this kind operates with less activity than a regular bank, so its process may be simpler. The license would allow the company to offer financial services to customers in Israel, among other things.
Revolut is an international company that offers credit cards, digital accounts, and money transfers through a phone app. The company operates in many countries around the world and already has many customers in Israel as well. As a result, the new license could change its options in the Israeli market.
At this stage, it is not known when the final decision will be made. However, the talks with the Bank of Israel show that the company wants to enter the local banking market officially. The matter will remain an important point of follow-up for customers, competitors, and stakeholders in Israel's financial sector.
Sources: כלכליסט
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