Revolut Plans to Acquire Turkish Digital Bank FUPS
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Entry Strategy: Revolut is reportedly negotiating to acquire Turkish digital bank FUPS, which could facilitate its entry into Turkey's rapidly growing digital banking market projected to reach $267.3 million by 2034, despite no final decisions being made yet.
- Compliance Advantage: By acquiring FUPS, Revolut can bypass the lengthy banking license application process, gaining an existing compliance framework and local governance structure, thereby accelerating its business expansion in Turkey.
- Market Potential: The Turkish digital banking market was valued at $101.52 million in 2025 and boasts over 120 million active digital banking customers, indicating significant growth potential that has attracted Revolut's interest.
- Global Expansion: In 2025, Revolut successfully secured banking licenses in multiple markets and completed the full licensing process for an independent digital bank in Mexico, demonstrating its strategic intent to expand globally.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
