Digital bank targets financial inclusion and lower money transfer costs for millions of Mexicans
Mexico City, 30 January 2026 – Revolut has officially started full banking operations in Mexico, bringing with it a new service that could reshape the country’s remittance market: free money transfers to and from the United States.
The launch marks a major milestone for the British neobank, which began as a travel-focused financial app in 2015 and has since grown into a digital bank operating in 40 countries. With its Mexico rollout, Revolut aims to make everyday banking simpler, cheaper, and more accessible for millions of people.
In simple terms, Revolut is offering Mexicans a way to send and receive money from the US without paying transfer fees. This is especially important in a country where remittances play a major role in household income.
Juan Miguel Guerra Dávila, CEO of Revolut Mexico, described the launch as a turning point for users. He said the company is now fully live and focused on helping people get more value from their money through digital banking tools.
Revolut received its Mexican banking license late last year and began offering services to a limited group of users during a beta phase in December. With the service now open to the public, customers can access 11 different products directly through the app. These include debit and credit cards, international transfers, and joint accounts designed for couples.
The standout feature, however, is free remittances. According to Guerra, Mexicans receive around $60 billion annually from family members working in the United States. With traditional transfer fees averaging about 5 percent, Revolut believes it can help return up to $3 billion a year to customers by removing those costs and enabling instant transfers.
Revolut also plans to update its app frequently, with new features released every two weeks. Among the upcoming additions are accounts designed for children, aimed at helping families introduce financial education at an early age.
The bank has set a goal of reaching around 2 million customers in Mexico within its first year. Globally, Revolut serves about 70 million users.
Mexico plays a strategic role in the company’s regional plans. Guerra described the country as a gateway to Latin America, where Revolut will test new products and user experiences before expanding further across the region.
So far, Revolut has invested around $100 million in Mexico and expects to invest an additional $100 million over the next year. The company sees strong growth potential in digital banking, especially in markets where traditional financial services remain costly or hard to access.
By combining mobile-first banking with free international transfers, Revolut is positioning itself as a serious challenger in Mexico’s financial landscape and a potential game-changer for cross-border remittances.
