Revolut Expands Banking Empire to Colombia 🇨🇴 and India 🇮🇳

Hey Digital Banking Fanatic! 👋

Revolut is going truly borderless.

It’s now officially becoming a bank in Colombia 🇨🇴, investing COP 146 billion (€32 million) to build out operations and launch in 2026.

Led by CEO Diego Caicedo, Revolut Bank Colombia aims to offer savings accounts, credit cards, and instant international transfers, all under the same sleek digital umbrella that made it a household name across Europe.

At the same time, Revolut is doubling down on India 🇮🇳, committing a massive $669 million (₹5,941 crore) over the next five years.

The goal? Build a next-gen payments and forex ecosystem, powered by UPI-linked prepaid cards and multicurrency wallets, while continuing to expand its local team of 3,500 employees.

From London to Bogotá to Bangalore, the super app is clearly playing a long game.

But here’s the big question:

💭 Can Revolut replicate its European success across India and Latin America?

Let me know what you think, and scroll down 👇 for more digital banking stories I’ve lined up for you today.

Cheers,

Marcel

PODCAST 

🎤 FinTech Garden by DashDevs Ep. 118 – Built for Change: Inside tbi bank’s Challenger Strategy. In this FinTech Garden episode, Igor Tomych speaks with Petr Baron, CEO of tbi fs, about how the bank grew across Southeast Europe by combining digital-first services with a physical presence. They explore tbi’s sustainable, credit-led strategy, merchant-led BNPL, and how trust and local focus drive its success.

NEWS

🇨🇴 Revolut gets an initial license to establish a bank in Colombia. The bank said the authorisation from the Superintendencia Financiera de Colombia (SFC), the country’s financial regulator, permitted it to “start building out its banking operations and infrastructure” in the Latin American country with 53 million people. Additionally, Revolut plans to invest $670 million in India over five years to expand local operations and fuel new payment and forex products

🇦🇺 Revolut has announced the launch of RevPoints, a new rewards programme in Australia providing uncapped rewards points on debit card expenditure, with points redeemable for airline miles, gift cards, and other lifestyle benefits. RevPoints enables customers to earn points without incurring debt, thereby expanding access to travel and retail rewards for a broader population.

🇸🇬 MyRepublic and Revolut partner to redefine the digital lifestyle for Singapore's mobile-first generation. With the new MyRepublic™ MOBILE x Revolut plan, users enjoy up to 2 months off their 4G/5G MyRepublic Mobile plan bundled with a 3-month Revolut Premium Trial.

🇧🇩 Banglalink seeks a digital bank licence from the Bangladesh Bank. Bangladesh Bank officials confirmed that on 14 September, Banglalink and VEON wrote to the governor expressing their interest in establishing a digital bank to support the country's transition toward a digitally driven, cashless economy. 

🇮🇳 Neobank unicorn Open posts Rs 46 Cr revenue in FY25; outstanding losses mount to Rs 1,921 Cr. The company builds digital payment solutions that offer businesses a fully digital current account along with a suite of integrated tools for finance, accounting, and credit, all in collaboration with banking and lending partners.

🌎 Prometeo launches Agentic Banking solution. A transformative infrastructure layer that enables large language models (LLMs) and other AI agents to operate real-world financial actions autonomously. Agentic Banking empowers AI to execute actions like payments, account validation, and treasury operations with full traceability and compliance.

🇺🇸 Cash App users to receive up to $147 after settlement. A $12.5 million settlement has been reached to end a class-action lawsuit accusing Block, Inc., the parent company of Cash App, of helping users send unwanted text messages to Washington residents through its “Invite Friends” program.

🇩🇪 Vivid Money launches Card Terminals with 1-Second Payouts, which transfer payment revenue to business accounts in one second, ending multi-day settlement delays for small businesses. The launch extends Vivid Money's all-in-one platform from digital finance into in-person payments.

🇺🇸 FIS has integrated Glia's AI-powered customer interaction platform into FIS’s Digital One online banking platform, enabling financial institutions to deliver a multi-channel digital interaction solution that blends AI-based service with high-touch human support for superior banking experiences. 

🇬🇧 PayCaptain and ClearBank partner to deliver real-time payroll payments and embedded savings accounts for employees at over 300 corporate clients, specialising in the hospitality and retail sectors. Long-term partnership delivers an easy, transparent approach for employees to build savings and enhance their financial resilience.

🇮🇳 UST acquires Bengaluru-based banking solutions provider Modus Information Systems to strengthen its position in the financial sector. UST notes that with Modus in its fold, it will be able to meet the growing demand for digital transformation and scalable banking solutions.

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