Chile’s Superintendent of Banking, Insurance and Pension Funds (SBS), Sergio Espinosa, stated that Revolut has already secured its organizational license but requires further preparation to gain final operating authorization. The anticipated launch date for the British digital bank is projected for the first months of 2027. Espinosa indicated the SBS is actively working to expedite the process, encouraging Revolut to finalize preparations as quickly as possible. The timing of Revolut’s entry into Chile rests with the company itself, as they complete the necessary steps. This development signals growing competition within Chile’s financial sector, driven by the increasing presence of international fintech companies. The SBS continues to oversee the regulatory framework for these new entrants.