Revolut receives conditional approval for US banking license and expands travel distribution

On October 1, 2026, Skift Feed reported that London-based digital bank Revolut has received conditional approval for a US banking license and is preparing to replicate its travel payment distribution model, which has been proven in Europe, in the United States. The report stated that Revolut started in 2015 from a currency exchange business and currently offers hotel accommodations, travel insurance, lounge access, and points redeemable for airline miles, and that travel expenses can be paid through the Revolut Pay digital wallet checkout. The report also noted that its travel distribution expansion faces a test in the US market.