Revolut plans to invest 1 billion euros in France and apply for a banking license

According to Bloomberg, the fintech company Revolut announced that it will invest more than 1 billion euros in France and apply for a local banking license, in addition to establishing its headquarters in Western Europe in Paris, with plans to add at least 200 new jobs over the next three years. Revolut already offers loan, digital asset, and trading services in France. Globally, Revolut continues to push for 10 applications for banking licenses, including a prepaid payment instrument license in India and upcoming banking services in Mexico.#