UK-based fintech powerhouse Revolut is gearing up to enter Morocco, leveraging its expanding European presence and a growing product portfolio. The company has appointed Amine Berrada, former Uber general manager, to spearhead its Moroccan strategy—marking its first major regional executive hire.
Initial services will focus on payments and foreign exchange, including remittances and cross-border transfers. Within two years, Revolut aims to secure a digital banking (neobank) license to broaden its offerings. To support this launch, a lean local team of around 60 employees is being built to ensure efficient operations.
Revolut plans to obtain an Electronic Payment Institution (EPI) license or collaborate with a Moroccan bank to align with regulatory requirements. Strong compliance frameworks will be critical, particularly around KYC, AML, data privacy, and currency controls, given the Moroccan dirham’s restricted convertibility.
This Moroccan expansion ties into Revolut’s wider European strategy, anchored by its newly established Western Europe headquarters in Paris. The company is investing over €1 billion in France alone, targeting over 400 hires by 2029 to bolster legal, compliance, product, and credit capabilities.
The regulatory environment will guide Revolut’s phased rollout—from payment services toward full banking solutions—relying on local partnerships or licensing. Looking ahead, the fintech giant could introduce mortgages, credit products, and telecom services to the Moroccan market, potentially accelerating digital transformation among local banks and startups through its innovative infrastructure.
