Revolut, a UK-based fintech giant, is preparing to enter the Moroccan market, backed by significant developments across Europe and a notable expansion of its products. It appointed Amine Berrada, formerly Uber’s general manager, to lead its Moroccan strategy, marking its first significant executive hire in the region.
The entry plan is expected to begin with payments and FX services, including remittances and cross-border transfers, with a digital banking (neobank) license pursued within two years. A local team of 60 employees is currently being assembled to initiate operations while keeping operational overhead tight.
Revolut is likely to pursue an Electronic Payment Institution (EPI) license or partner with a domestic bank to comply with local oversight rules. Regulatory adaptation will also demand robust compliance mechanisms, particularly around KYC, AML, data regulation, and currency controls, given the non-convertibility of the dirham.
The fintech giant has officially established Paris as its Western Europe headquarters, accelerating its strategy to deepen EU operations. The company is investing over €1 billion in France and plans to recruit 400+ roles across the region by 2029, with at least 200 positions based in France, supporting legal, compliance, product, and credit functions.Â
Regulatory timeline will likely shape the pace of Revolut’s move from payment services launch to broader financial offerings. Local partnerships or licensing will be essential for delivering full-service banking within Moroccan legal frameworks. As product expansion continues in Europe, there’s high potential for introducing new services such as mortgages, credit, and telecom plans into Moroccan operations later on. Revolut’s infrastructure could lower barriers and prompt local banks and fintech startups to accelerate digital transformation.
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