Hey Digital Banking Fanatic!

Revolut has secured all necessary approvals to launch a domestic branch in Hungary, according to updates from the National Bank of Hungary’s registry.

The branch was registered on October 23, 2025. This move marks a long-awaited shift for customers in the country, who have until now relied on Lithuanian IBANs for managing their HUF balances.

According to Revolut’s customer support, Hungarian users will soon be migrated to a domestic HU IBAN. Existing LT IBANs will remain functional, but HU numbers will become the primary identifiers for local accounts.

Revolut began hiring for the branch a year ago, part of a broader European expansion that includes a Stockholm division set to launch by late 2026.

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Marcel

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NEWS

🇸🇪 Revolut faces off with Klarna in Nordic push for 3 million users. Revolut will open a Stockholm branch next year as part of its Nordic expansion. The FinTech plans to challenge traditional banks and compete with Klarna in reshaping digital consumer finance. Additionally, Revolut receives permits to launch its Hungarian branch. The company received all necessary official approvals to start operating the domestic branch on October 23, 2025. The service will soon be available with a Hungarian IBAN.

🇬🇧 Starling expands business banking capabilities ahead of HMRC digital tax rules. Customers will be able to see tax deadlines in their Starling account, create, store, and correct digital records of self-employment, property income, and expenses, and file updates directly to HMRC.

🇵🇭 GoTyme reaches 7.8 million customers, reinforcing its position as one of the fastest-growing digital banks in the Philippines. It also expanded its physical footprint, which now includes nearly 600 self-service kiosks and ATMs, supported by over 1,000 banking ambassadors.

🇺🇸 Chime lifts 2025 revenue outlook as more customers turn to digital banks. Chime now expects full-year revenue in the range of $2.163 billion to $2.173 billion, up from its prior forecast of $2.135 billion to $2.155 billion. Purchase volume increased 15% year-over-year to $32.3 billion in the third quarter, while active members grew 21% to 9.1 million.

🇺🇸 Wise forges ahead with push into US despite soaring expenses. Wise expects administrative expenses to be about £1 billion for the full year, including approximately £35 million of costs associated with the dual-listing, and will continue hiring in the second half to drive long-term growth.

🇧🇷 Amazon to offer Nubank customers more credit in Brazil. Under the partnership, Nubank’s online payment service NuPay will be available on Amazon’s Brazil website, offering account holders extra credit and more installment options, among other special payment conditions, according to a statement.

🇺🇸 AppTech announces the strategic acquisition of Infinitus Pay, a strategic addition that strengthens AppTech’s Banking-as-a-Service (BaaS) platform and supports its focus on scalable revenue growth. Continue reading

🇦🇪 Sharjah Islamic Bank launches SIB Pay to expand digital payments in the UAE. The new digital payments platform is designed to accelerate the UAE’s transition toward electronic transactions. The platform is the first of its kind introduced by a Sharjah-based bank.

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