Revolut has received approval from the Central Bank of Argentina to acquire Banco Cetelem Argentina, a subsidiary of BNP Paribas. Upon completion, the entity will be renamed Revolut Bank Argentina S.A.U. and operate as a licensed bank in the country. The fintech firm will not offer products or services to the public immediately following the acquisition. Local operations will formally launch only after remaining regulatory and operational requirements are satisfied. More than 150,000 people have already joined the waitlist for Revolut's Argentina business.