Companies

UK’s Revolut to Launch India Payments Platform, Eyes 20 Million Customers by 2030

Yahoo Finance/Reuters

"London-based digital finance firm Revolut said it will launch its payment platform in India, its first foray into one of the world's largest digital payments markets, as part of a planned global expansion. Revolut will let Indian users make domestic and international payments via its tie-ups with the Unified Payments Interface and Visa, starting with 350,000 waitlisted customers later this year before opening to others."

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Companies

Revolut Explores Expansion to the US

Banking Exchange

"Revolut is reportedly considering the acquisition of a US bank as part of efforts to accelerate its expansion in the American market, where it has been building its customer base since 2020. The acquisition of a nationally chartered bank with an existing license would enable the UK’s largest digital bank to sidestep the lengthy process of obtaining a charter from scratch."

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Revolut Partners With Ant to Enable Alipay Transfers to China

The Asian Banker

"Revolut has partnered with Ant International, a global digital payment and financial technology provider. This partnership allows Revolut customers globally-especially overseas Chinese to send money to China in Chinese yuan, with the recipient’s Alipay ID, powered by Ant International’s global remittance solutions. China remains one of the top five global recipients of remittances in 2024, with an estimated inflow of $48 billion."

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Revolut to Install First ATMs in Spain, Plans to Reach 200 by 2026

Finance Magnates

"British fintech firm Revolut will launch its first automated teller machines (ATMs) in Madrid and Barcelona, two major Spanish cities. These ATMs will allow non-registered users to obtain a Revolut debit card on the spot and use it without any charge."

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Companies

Can Revolut Compete With American Express?

Payments Culture

"Revolut is looking to compete with American Express (Amex) by offering a rewards-based credit card product in the UK. The startup-focused news outlet Sifted reported: Revolut is in the early stages of developing a points-based credit card, putting it in direct competition with incumbents such as American Express."

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Lithuania Fines Revolut 3.5 Million Euros for Money-Laundering Prevention Failures

Reuters

"Lithuania's central bank has fined Britain's most valuable start-up Revolut 3.5 million euros ($3.83 million) for failures in money-laundering prevention, the bank said on Monday. The British fintech company, which is headquartered in London, is operating in the European Union under a Lithuanian licence and is under the supervision of the European and Lithuanian central banks."

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Companies

Revolut Secures RBI Approval for Payment Interfaces and Digital Wallets

India Banking News

"Revolut, a British fintech major, has received the final authorization from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs), including prepaid cards and digital wallets with Unified Payments Interface (UPI) integration. This authorization makes Revolut the first non-banking player to receive permission to issue PPIs in India."

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Companies

Revolut Launches the Italian IBAN and Its Official Branch in Italy

The Cryptonomist

"Revolut, the global financial super app, has officially announced its branch in Italy and the new possibility of being able to offer its customers the Italian IBAN."

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Companies

Revolut to Launch UK, EU Stock Trading With New License

BNN Bloomberg

"Revolut Ltd., Europe’s most valuable fintech, will offer trading of UK and EU-listed stocks from next year.  The London-headquartered company — which recently secured a UK banking authorization — has received approval from the Financial Conduct Authority as an investment firm which permits it to expand its services, it said in a statement Monday."

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Companies

Revolut Takes on Square and Sumup With Payment Terminal for Larger Businesses

CityAM

"Fintech giant Revolut is stepping up its challenge to the likes of Square and SumUp with a new payment terminal for larger businesses and retailers. The London-based banking firm is set to roll out the device, called Revolut Terminal, in the UK and Ireland ahead of the busy festive season in a push to grow its business-to-business offering."

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Companies

Visa Partners With Revolut

Yahoo Finance

"Visa has collaborated with Revolut to enable Instant Card Transfers for Revolut Business customers. This global agreement follows Revolut and Visa’s collaboration to offer card transfers powered by Visa Direct for peer-to-peer payments to 90 countries in the world in 2023 and the launch of Visa virtual cards for businesses focused on the B2B travel sector in 2024."

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Companies

Revolut Gets UK banking Licence, Ending Three-Year Wait

Reuters

"Financial technology firm Revolut has received a UK banking licence with some restrictions, it said on Thursday, ending a three-year wait for the authorisation that will enable it to compete more directly against Britain's biggest banks."

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Companies

Revolut Launches Mobile Wallets, Allowing for Faster Transfers Across the World

Revolut

"Revolut, the global financial super app with more than 35 million customers worldwide, today launches Mobile Wallets, a new quick and easy option to sending money abroad."

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Companies

Revolut to Suspend UK Crypto Services, Citing FCA's New Ad Rules

Coindesk

"Digital bank Revolut has said it plans to suspend some of its crypto services from its U.K. business clients in response to incoming new rules from the country's regulator, a person familiar with the matter told CoinDesk on Monday."

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Companies

Revolut Becomes First Fintech Company in Singapore to Launch Instant Card Transfers for Secure, Low-Cost and Convenient Remittances

British Chamber Of Commerce Singapore

"With Instant Card Transfers, Revolut Singapore customers can send money in real-time to eligible Mastercard and Visa card holders in over 80 countries, through the Mastercard Send and Visa Direct platforms."

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Companies

Flaw In Revolut's System Enables Criminals To Steal +$20 Million

FinanceFeeds

"Britain’s most valuable start-up, Revolut had reportedly fallen victim to organized criminal gangs who exploited a flaw in its US and European payment systems, resulting in the theft of over $20 million."

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Companies

Revolut Launches Revolut Chat, an Instant Messaging Feature in Step Forward to Super App

Revolut

“Revolut, the global financial superapp with more than 20 million customers worldwide, has launched an instant messaging feature, where Revolut customers in the UK and EEA can chat as well as share fun gifs and stickers whilst sending and requesting funds to and from other customers. A recent UK and European survey of 8,000 people, commissioned by Revolut, found that two thirds of people (67.5%) find it difficult to discuss money. The new chat feature in the Revolut app aims to make talking about money less awkward by keeping it in one place. To access this feature, customers simply have to enter the ‘Transfer’ section in Revolut app. The chat window will open right after tapping on one of the contacts. The chat will be embedded in the ‘Transfer’ feature – so there’s no need to open multiple windows.”

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Companies

Buy Now, Pay Later: Revolut’s Newest Feature Explained

Irish Examiner

“Revolut has chosen to pilot a new ‘buy now, pay later’ credit service in Ireland beginning this week. Traditional retailers have been offering customers the option to pay for furniture and white goods in instalments for years. Now, the service has been extended online and dubbed “buy now, pay later”. The cost and interest rates when using the service vary from provider to provider. Revolut has said its “Pay later” service will charge a fee of 1.65% per purchase, which is repaid as part of the final two instalments.”

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Companies

Revolut Rolls Out Pay Later in Ireland to Rival Klarna, Afterpay

Bloomberg

“Revolut Ltd. has picked Ireland as the first market to launch its buy now, pay later product that will see it go head to head with the likes of Klarna and other fintechs in the rapidly growing area of lending. The digital bank plans to roll out its “Pay later” offering across Europe, adding Poland and Romania later this year, Revolut said in a statement Friday seen by Bloomberg News.”

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