Revolut in Talks to Buy Digital Bank FUPS for Turkey Debut

Revolut Ltd. is in talks to acquire Turkish digital bank FUPS to start offerings its services in the country, according to people familiar with the matter.

No final decisions have been made and there’s no certainty that the fintech behemoth will ultimately buy FUPS, the people said, asking not to be identified to discuss the negotiations. In the event of an agreement between the two banks, the acquisition will be subject to approval by the Turkish banking regulator, known by its Turkish initials BDDK.