{"id":997734,"date":"2026-03-12T07:57:10","date_gmt":"2026-03-12T02:27:10","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=997734"},"modified":"2026-03-12T08:18:14","modified_gmt":"2026-03-12T02:48:14","slug":"revolut-gets-full-uk-banking-licence-after-years-long-wait","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/03\/12\/revolut-gets-full-uk-banking-licence-after-years-long-wait\/","title":{"rendered":"Revolut gets full UK banking licence after years-long wait"},"content":{"rendered":"<p>Revolut, Europe&#8217;s most valuable startup, said on Wednesday it had received regulatory approval to launch a British bank, allowing it to compete head-to-head with high street lenders in areas such as current accounts and consumer lending. <\/p>\n<p>The London-based financial services firm, which has amassed \u200c13 million customers \u2060in Britain \u2060but no physical branches since it was founded just over a decade ago, was granted a banking licence with restrictions in July 2024 \u200bafter a three-year wait. <\/p>\n<p>Nik Storonsky, Revolut&#8217;s cofounder and CEO, has said getting a licence in its home market was his top priority.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revolut, Europe&#8217;s most valuable startup, said on Wednesday it had received regulatory approval to launch a British bank, allowing it to compete head-to-head with high street lenders in areas such as current accounts and consumer lending. The London-based financial services firm, which has amassed \u200c13 million customers \u2060in Britain \u2060but no physical branches since it was founded just over a decade ago, was granted a banking licence with restrictions in July 2024 \u200bafter a three-year wait. Nik Storonsky, Revolut&#8217;s cofounder and CEO, has said getting a licence in its home market was his top priority.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-997734","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/997734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=997734"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/997734\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=997734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=997734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=997734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}