Revolut in Talks to Buy Digital Bank FUPS for Turkey Debut

Revolut in Talks to Buy Digital Bank FUPS for Turkey Debut

Revolut in Talks to Acquire Türkiye’s Digital Bank FUPS

Revolut is in talks to acquire Turkish digital bank FUPS as it looks to launch its services in the country, according to people familiar with the matter. The sources said no final decision has been made, and the fintech may still decide not to proceed with the acquisition. Any deal would be subject to approval by Türkiye’s banking regulator, the Banking Regulation and Supervision Agency (BDDK), Bloomberg reported. A spokesperson for Revolut said…

Major Crypto Exchange Operator Eyes Turkey With Strategic Bank Buy

TL;DR Revolut is reportedly in talks to acquire Turkish digital bank FUPS, marking a potential entry into Turkey’s growing financial market. The UK-based fintech and crypto platform, valued at $75 billion, continues its global expansion following moves in Mexico and ongoing U.S. market considerations. FUPS, operating under Turkey’s branchless banking regulations, offers Revolut immediate access to a licensed digital infrastructure and a ready c…

Revolut eyes Turkey expansion via FUPS deal

Revolut is reportedly in talks to enter the Turkish digital banking market through an acquisition of the country’s digital bank, FUPS.  No details of Revolut’s plan to acquire Turkey’s digital bank have been released, and there is no guarantee that the deal will happen, but Revolut has succeeded in accessing several other markets through acquisitions. Will Revolut acquire a Turkish bank? British fintech company Revolut intends to enter into Turk…

Revolut Wants to Enter Turkey by Acquiring a Local Bank

Revolut is negotiating the acquisition of FUPS, a Turkish digital bank, as the fintech looks to enter the country's rapidly evolving banking market. The talks represent the latest step in Revolut's ongoing push to expand its global footprint, though no final agreement has been reached and the discussions could still fall apart, according to people familiar with the matter quoted by Bloomberg.Any transaction would need approval from Turkey's Bank…