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PayDay News | Australian Payments News

Revolut renews bank licence bid and launches $1,200 debit card as regulatory clouds gather

Senior Business Correspondent
17 Jun, 2026
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Michael Sainsbury
Senior Business Correspondent
17 Jun, 2026
Add us as a preferred source on Google
Switched off from the NPP PayTo service for now after a a zombie fraud incident, the global fintech is also fighting to gain a licence in the US and has been blocked from onboarding new customers in the European Union, even as its customer numbers grow and its valuation has soared past US$100 billion.
Revolut renews bank licence bid and launches $1,200 debit card as regulatory clouds gather
Revolut Australia chief executive Matt Baxby.

Switched off from the NPP PayTo service for now after a a zombie fraud incident, the global fintech is also fighting to gain a licence in the US and has been blocked from onboarding new customers in the European Union, even as its customer numbers grow and its valuation has soared past US$100 billion.

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