Revolut moves into the Irish banking market

Revolut is to begin offering loans and credit cards to Irish customers, taking advantage of the withdrawal of KBC and Ulster Bank from the market.

Fintech, which already has more than 1.7 million customers in Ireland, has opened a credit waiting list.

Revolut Bank currently sits in 28 markets in Europe, exported to 10 other countries last month.

Revolut has an e-money license issued by the Central Bank of Ireland but has chosen to enter the local market using a banking license issued by the European Central Bank in December in accordance with the Bank of Lithuania’s policy.

“Following the removal of Ulster Bank and KBC from the Irish market, Irish customers need more banking than non-bank banking,” said the company.-e-money approved by the Central Bank of Ireland late last year.

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