The Revolut group, the first European digital banking establishment, is interested in the Moroccan market. He works to set up a local team with a view to submitting an application for approval from Bank Al-Maghrib (BAM), the Moroccan central bank, reports the specialized Asharq site. “Revolut continues to examine the prospects for development in new territories, in accordance with [son] aim to return [son] Application accessible to global customers, ”says a company spokesperson in an email to the site writing. He will specify: “Morocco is the subject of attentive evaluation, which we consider promising. This market appears to us to accommodate a differently added differentiated offer. However, we are still only at the beginning of the process. »»
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Recently, Amine Berrada, former director of operations for Uber for Southeast Europe, was entrusted with the responsibility of the Revolut strategy and its activities in Morocco. “Revolut aspires to build the first universal financial super-application. I am honored to contribute to its launch in Morocco and the rise of innovative banking services for millions of citizens, “he wrote on the Linkedin professional platform.
To read: Moroccans of the world: How much money can I introduce in Morocco?
Founded in June 2014 by Nikolay Storonsky and Vlad Yatsenko, Revolut is a British Fintech company based in London. Via a mobile application, it offers several financial and banking services: speed cards, current accounts, investment products, change and payments in foreign currency, insurance, consumer credits and savings products, etc. With a portfolio of sixty million customers distributed in more than 35 countries, Revolut is the most valued fintech in Europe.
To read: a large British bank plans to settle in Morocco
In addition to the United Kingdom, the Revolut group is also present in Australia, Japan, India, and in several countries in Latin America. Last year, the volume of transactions he dealt with in 2024 exceeded the threshold of $ 1,000 billion. The group was valued at some $ 45 billion in August 2024.
