Companies can provide money services without a banking license. A lot of companies do. When I duckduck the question, even revolut has this in their FAQ: https:

Companies can provide money services without a banking license. A lot of companies do. When I duckduck the question, even revolut has this in their FAQ: https://megous.com/dl/tmp/bbebf0d88acb54d8.png https://megous.com/dl/tmp/bbebf0d88acb54d8.png It's possible to have a license and not use it.