Mobile , a fintech electronic banking start - up , has announced it will apply for a European banking licence . If granted , the London - base company will become a bank , allowed to offer users of its own banking and deposit cards . It will also require Revolut to insure accounts up to € 100,000 ( $ 116,600 ) .
Revolut, a fintech electronic wallet start-up, has announced it will apply for a European banking licence. If granted, the London-base company will become a bank, allowed to offer users of its app credit and deposit offers. It will also require Revolut to insure accounts up to €100,000 ($116,600).