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    Home > Finance > Revolut to acquire BNP Paribas-owned Argentine lender in market expansion
    Finance

    Revolut to acquire BNP Paribas-owned Argentine lender in market expansion

    Published by Global Banking & Finance Review®

    Posted on June 26, 2025

    2 min read

    Last updated: January 23, 2026

    Revolut to acquire BNP Paribas-owned Argentine lender in market expansion - Finance news and analysis from Global Banking & Finance Review
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    Tags:paymentsfintechInternational paymentsinvestment

    Quick Summary

    Revolut acquires Cetelem Argentina, expanding its presence in Latin America. The move challenges local fintechs like Mercado Pago.

    Revolut Expands into Argentina with Acquisition of Local Lender

    By Kylie Madry

    (Reuters) -London-based fintech giant Revolut will acquire a local lender owned by BNP Paribas in Argentina, it said on Thursday, marking the digital bank's latest foray into Latin America.

    The terms of the deal to purchase Cetelem Argentina from BNP Paribas Personal Finance, which is subject to regulatory approval, were not disclosed.

    Revolut has already made headway in Brazil, Mexico and Colombia.

    Revolut said in a statement it plans to offer products tailored to Argentine consumers' needs, such as multi-currency accounts, no-fee bank transfers and foreign-exchange trading.

    Argentina's decades of economic swings, which have tempered in the past year under libertarian President Javier Milei, have caused residents to turn to the U.S. dollar as a safe haven currency.

    Many also now rely on MercadoLibre's fintech arm, Mercado Pago, for instant transfers rather than waiting on credit card payments to clear. Revolut's entry into Argentina would put it in competition with Mercado Pago, as well as local fintech Uala and larger traditional banks.

    Revolut last year reached a $45 billion valuation, rivaling some of Europe's largest lenders. It now claims more than 60 million customers worldwide.

    (Reporting by Kylie Madry; Editing by Daniel Wallis)

    Key Takeaways

    • •Revolut is acquiring Cetelem Argentina from BNP Paribas.
    • •The acquisition marks Revolut's entry into the Argentine market.
    • •Revolut plans to offer tailored financial products in Argentina.
    • •The move positions Revolut against local fintechs like Mercado Pago.
    • •Revolut continues its expansion in Latin America.

    Frequently Asked Questions about Revolut to acquire BNP Paribas-owned Argentine lender in market expansion

    1What did Revolut announce regarding its expansion?

    Revolut announced it will acquire Cetelem Argentina, a local lender owned by BNP Paribas, marking its expansion into Latin America.

    2What products does Revolut plan to offer in Argentina?

    Revolut plans to offer products tailored to Argentine consumers, including multi-currency accounts, no-fee bank transfers, and foreign-exchange trading.

    3How has Argentina's economy influenced consumer behavior?

    Argentina's economic fluctuations have led residents to turn to the U.S. dollar as a safe haven currency and rely on fintech solutions like Mercado Pago for instant transfers.

    4What is Revolut's current valuation and customer base?

    Revolut reached a valuation of $45 billion last year and claims to have more than 60 million customers worldwide.

    5What is the status of the acquisition deal?

    The terms of the deal to purchase Cetelem Argentina are subject to regulatory approval, and specific financial details were not disclosed.

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