Revolut is reportedly exploring the acquisition of Turkish digital bank FUPS to introduce its services in Türkiye.

The discussions are ongoing and may not result in a transaction. Any agreement would require clearance from Türkiye’s banking regulator, the Banking Regulation and Supervision Agency, known as BDDK, Bloomberg reported.

The potential deal would give Revolut a foothold in one of Europe’s largest and increasingly competitive payments markets. Sources told Bloomberg that no final decision has been made, and there is no certainty the fintech will proceed with a purchase.

A completed transaction could open the door for Revolut to promote and operate its payment services locally in Türkiye. Revolut’s has also started to expand beyond the UK with a deepened presence in the Nordics, including opening a Stockholm office last autumn with the stated aim of increasing its regional customer base from two million to three million.

Türkiye’s banking sector has seen a steady rise in digital-first players, and regulatory approval processes are a key step for foreign-owned fintechs seeking to operate domestically. Bloomberg reported that any Revolut move would be scrutinised by BDDK to ensure compliance with local rules and consumer protection standards.

The talks align with Revolut’s broader push to scale its global footprint, building on recent regional enhancements and product launches. While no timeline has been disclosed for a potential entry into Türkiye, the combination of local licensing requirements and formal approval from BDDK suggests that any rollout would follow a regulatory-led process.

Revolut’s decision to refrain from commenting suggests the company is treading carefully while discussions continue behind closed doors. As Bloomberg reported, the outcome remains uncertain until the parties either finalise an agreement or walk away.

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