Morocco’s central bank governor, Abdellatif Jouahri, stated that British fintech firm Revolut has not yet formally applied for a banking license or operational permit to operate within the country. Communication with Revolut has been limited to preliminary discussions and contacts, according to Jouahri, following a quarterly press conference. The central bank is awaiting a formal application to begin the regulatory review process. This clarifies the status of Revolut’s potential entry into the Moroccan market, which had been subject to recent speculation. Jouahri’s comments indicate a cautious approach from Moroccan regulators regarding the fintech company’s operations. The delay highlights the balance between fostering competition and ensuring regulatory compliance in Morocco’s financial sector.