Revolut Adds Colombian Licence and Files for Swiss Charter in Latest Regulatory Push
Revolut Adds Colombian Licence and Files for Swiss Charter in Latest Regulatory Push #
Revolut has secured a full operating licence in Colombia and filed an application for a banking charter in Switzerland, adding to a global licensing campaign that has gained pace in 2026.
Colombia’s financial regulator, the Superintendencia Financiera de Colombia, granted Revolut a licencia de funcionamiento, authorising the London-headquartered company to operate as a regulated bank in the country. The licence allows Revolut to offer a range of financial products to Colombian consumers, according to the company. Diego Caicedo will lead the Colombian operation.
The Colombian approval follows conditional approval from the US Office of the Comptroller of the Currency for a national bank charter, obtained earlier in 2026. The company already holds full banking licences in the United Kingdom, where it received authorisation in 2025, as well as Lithuania and France.
On the same day, Revolut filed its Swiss banking application with the Swiss Financial Market Supervisory Authority, FINMA. The application is under review. Revolut currently serves its 1.3 million Swiss customers through Revolut Bank UAB, its Lithuanian-licensed entity, which has a representative office in Switzerland but does not hold a Swiss banking licence.
A Swiss licence would allow Revolut to offer products it cannot currently provide, including Swiss IBANs, salary accounts, eBill, merchant acquiring and access to the Swiss deposit guarantee scheme. The company has also noted future plans for a Pillar 3a pension product and integration with TWINT, Switzerland’s dominant mobile payment network. How Revolut gains access to TWINT is expected to draw scrutiny, given that the network is collectively owned by incumbent Swiss banks.
To support the Swiss entry, Revolut has committed to invest more than CHF 150 million in the market over the next five years, which the company describes as one of the largest financial-sector investments Switzerland has seen in decades. The company also plans to expand its executive board and senior leadership team as it establishes an independent Swiss banking entity.
The announcements follow the publication of Revolut’s 2025 annual report, which showed group revenue of $6 billion, a 46 percent year-on-year increase, with pre-tax profit of $2.3 billion. Customer balances reached $67.5 billion across more than 80 million users worldwide.
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