Revolut has secured a full banking license in France from the ACPR banking regulator and the European Central Bank, giving the fintech a locally regulated operation alongside its existing EU banking license in Lithuania. The approval allows Revolut to tailor products for French customers, including lending and regulated savings services, and supports plans to shift customers first in France and then in Germany, Ireland, Italy, Portugal and Spain to its French entity as Paris becomes the group's Western Europe hub. Revolut said the license enables it to operate as a bank across the EU and said it plans to hire more than 600 employees across Western Europe, including 400 in France, while committing $1.1 billion to its French expansion and signing a 10-year lease for its Paris headquarters. The company has appointed former Société Générale chief executive Frédéric Oudéa as chairman for Western Europe. Revolut said it serves more than 75 million customers globally, while its broader push beyond payments and cryptocurrency includes lending and other banking products. The group also holds a UK banking license and was reported to be valued at about $115 billion in a secondary share sale.