Revolut’s Next Frontier: Chile
Hey Digital Banking Fanatic!
Revolut has made it clear, they’re going after Chile.
Carlos Urrutia, Revolut’s Head of International Expansion, believes the momentum is unstoppable. When discussing the prospect of entering Chile, Urrutia was definitive, noting that the question is no longer if they will enter, but simply when.
The allure of the Latin American market is driven by a population of 650 million and a staggering remittance market that exceeds 160 billion USD annually.
After successful launches in Brazil and Mexico, the UK-based digital banking titan is now scaling operations into Colombia, Peru, and Argentina.
In an interview with the Chilean newspaper La Tercera, Urrutia pointed to the country’s maturing ecosystem as a key driver for their interest.
Urrutia, former payments lead at Mercado Libre, explains that the goal is always to enter with a full banking license rather than through intermediary partnerships. This approach allows the company to offer the broadest range of services while establishing a relationship of trust with both customers and regulators.
Explore the latest digital banking moves below. 👇 Catch you in tomorrow’s edition!
Cheers,
INSIGHTS
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NEWS
🇨🇱 Carlos Urrutia on British neobank Revolut’s plans. In an interview ahead of the Chile FinTech Forum 2026, the senior Revolut executive said the company sees strong long-term potential in Chile and broader Latin America, highlighting underserved populations, growing remittance flows, and increasing digital adoption as key drivers for expansion.
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