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Revolut given nod to push into credit with European banking license

Revolut Bank has been granted a full banking license in Europe through its Lithuanian base, simplifying its structure and marking a move to expand services on the continent.  The decision by the European Central Bank (ECB) will grant Revolut new capabilities such as issuing consumer credit.  Revolut’s European customers will now be protected under the deposit guarantee scheme. Before the the change, Revolut had been operating in the European Economic Area (EEA) through a specialized banking license and a payments …