Revolut has received approval from the Central Bank of Argentina to acquire Banco Cetelem Argentina, a subsidiary of BNP Paribas. Once the transaction is completed, the institution will be renamed Revolut Bank Argentina S.A.U. and operate as a licensed bank. Revolut said it will not initially provide products or services to the public, with the launch of its local business dependent on completing outstanding regulatory and operational requirements. More than 150,000 people have joined Revolut’s waiting list for its Argentina business.