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

According to Bloomberg, fintech company Revolut announced it will invest over 1 billion euros in France and apply for a local banking license, while establishing its Western Europe headquarters in Paris, planning to create at least 200 new jobs in the next three years. Revolut has already provided loans, Crypto Assets, and trading services in France. Globally, Revolut is advancing 10 banking license applications, including a prepaid payment instrument license in India and upcoming banking services in Mexico.

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