Revolut Expands Banking Services Amid User Growth

Revolut is significantly expanding its banking operations, leveraging a substantial increase in its digital user base. The company recently reported impressive financial results, achieving approximately $2.3 billion in profit from $6 billion in revenue. This growth is largely attributed to increased subscription uptake and robust payment processing activity, signaling a successful transition towards sustainable banking economics for the digital financial institution. Revolut's strategic move indicates a broader trend of neobanks maturing into established banking players.