I can imagine American Express cards to be an ideal contestant for banks which also includes Revolut because of the interbank exchange rate not being limited to 0.2% but to 2% as far as I know. (Someone confirm this please)
Unfortunately, there is news that American Express is not issuing new licences to banks in the EEA and that all licences will be terminated on the December of 2019.
- Source: https://www.ictbusiness.biz/business/american-express-changing-their-eu-business-model-most-famous-cards-go-into-history
I am interested if it would be possible to gain a bank license somewhere else such as the US, Signapor e.g. receive a American Express licence and have EEA customers?
If this were possible this would be an ideal business plan.