Revolut ramps up offensive in Australia and India
Revolut has ramped up its global offensive, securing an Australian credit licence and snapping up an Indian foreign exchange business.
The fintech has been granted an Australian Credit Licence by ASIC (Australian Securities & Investments Commission) to offer credit and personal lending products to the Australian market.
It has also applied to become an authorised deposit-taking institution (ADI) in Australia, as it bolsters its position in the Australian market.
Separately, Revolut has acquired Indian foreign exchange firm Arvog Forex, as part of its plans to grab market share in the country.