Revolut, the UK-based financial technology powerhouse, is preparing to make its debut in Morocco, signaling a strategic move into North Africa as part of its broader global expansion. This entry comes on the heels of major developments across Europe, where the company has been aggressively scaling its product offerings and operational footprint.
To spearhead its Moroccan strategy, Revolut has appointed Amine Berrada—formerly the General Manager of Uber in Morocco—as its first senior executive in the region. His appointment marks a pivotal step in localizing leadership and tailoring the company’s approach to the unique dynamics of the Moroccan market.
Revolut’s market entry will begin with core services such as digital payments, foreign exchange (FX), and remittance solutions. These offerings are particularly relevant in Morocco, where cross-border money transfers and currency exchange are in high demand. Over the next two years, the company aims to secure a digital banking (neobank) license, which would allow it to expand into a full suite of banking services.
To support this launch, Revolut is assembling a lean but capable local team of approximately 60 employees. This team will be responsible for establishing operations, ensuring compliance, and driving customer acquisition—all while maintaining a cost-efficient structure.
Given Morocco’s strict financial regulations, Revolut is expected to either apply for an Electronic Payment Institution (EPI) license or form a strategic partnership with a local bank to meet regulatory requirements. The company will need to implement robust compliance frameworks to address key areas such as:
- Know Your Customer (KYC)
- Anti-Money Laundering (AML)
- Data protection and privacy
- Currency controls, especially considering the dirham’s non-convertibility
These measures will be critical to gaining regulatory approval and building trust with Moroccan consumers and authorities.
Revolut’s Moroccan expansion is underpinned by its growing presence in Europe. The company has officially designated Paris as its Western European headquarters, reinforcing its commitment to the EU market. As part of this initiative, Revolut is investing over €1 billion in France and plans to create more than 400 jobs across the region by 2029. At least 200 of these roles will be based in France, supporting key functions such as legal, compliance, product development, and credit services.
The pace of Revolut’s expansion in Morocco will largely depend on the regulatory timeline and the success of its initial payment services. Securing the necessary licenses or forming local partnerships will be essential for offering a broader range of financial products.
Looking ahead, Revolut may introduce advanced services such as personal loans, mortgages, and even telecom plans—mirroring its product diversification strategy in Europe. By leveraging its digital infrastructure and user-centric platform, Revolut could significantly lower entry barriers for Moroccan consumers and catalyze digital transformation within the local banking and fintech sectors.
