Revolut Launches Australian Banking Entity After Regulatory Nod

Revolut Gets Australian Bank License as Firm Deepens Growth Push

Revolut launches Australian banking entity after regulatory nod

Revolut has major plans to become 'the world’s first truly global bank'. Read more: Revolut launches Australian banking entity after regulatory nod

Revolut starts a new bank in Australia after winning APRA licence

Europe’s largest private financial technology company, Revolut, will become a bank in Australia after receiving approval from the regulator.

Revolut Accelerates Global Banking Expansion with Landmark APAC Licence, Launches Revolut Bank Australia

Revolut, the global financial leader with more than 75 million customers worldwide, today announced a pivotal milestone in its mission to build the world’s first truly global bank. The company has been granted an independent Authorised Deposit-taking Institution (ADI) licence by the Australian Prudential Regulation Authority (APRA), marking its official launch as a licensed bank in Australia and its first banking entity in the APAC region. The l…

Revolut Australia Secures License to Challenge Big Four

London, 21 July 2026 — EBM Newsdesk Analysis — By Katie Winearls The Australian Prudential Regulation Authority has granted Revolut a full, unrestricted authorised deposit-taking institution licence, making it the first global fintech to hold one in the country and giving Revolut its first banking licence anywhere in the Asia-Pacific region. The company can now take deposits protected under the Financial Claims Scheme up to A$250,000, and offer …

Revolut opens door for challenger banks in Australia

Revolut obtaining a banking licence in Australia brings firsts for the fintech and the country’s regulatory landscape.  The Australian Prudential Regulation Authority (APRA) has granted Revolut an unrestricted Authorised Deposit-taking Institution (ADI) licence, making it the first global fintech to operate as a full bank in the country.  Matt Baxby, CEO at Revolut Bank Australia, said that the licence will allow it to expand into a wider suite …