back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Revolut Business launches QR codes for enabling socially distanced payments

By Megha Bhattacharya

February 18, 2021

  • Revolut
  • UK
Share

revolut businessRevolut Business today announced the rollout of QR codes in a bid to enhance payment acceptance processes, allowing for socially distanced payments. The company stated that business owners can access QR codes on their phones using just the Revolut Business app, without needing to purchase any additional devices.

Business owners can check payment success, receive payments easily and use their Revolut Business app to generate a QR code which the customer can scan with the camera on their phone, all while maintaining distance. The customer will then receive a prompt asking them to pay with Apple Pay, Visa or Mastercard and they can complete the payment from their own iOS or Android device.

Paulo Guichard, Product Owner for Acquiring at Revolut said, “The popularity of QR codes has increased as this payment method is quick, easy and allows people to make socially distanced payments which are increasingly important during the global pandemic. We’ve removed the need for additional devices or hardware, as all business owners have to do is use their Revolut Business app and show customers a QR code to accept payments straight away through this efficient and touch-free method.”

Recently, Revolut introduced its financial app designed for kids called Junior. The average child in Singapore starts receiving pocket money at 7 years old, as mentioned by the company. This is the perfect age for parents to begin engaging their children in conversations about money. Junior is controlled by a parent or a legal guardian. Revolut Junior, already launched in more than 30 markets globally, is now available to Revolut customers and their children/wards in Singapore.

According to the company, Revolut Business customers in the UK, Austria, Belgium, France, Denmark, Germany, Ireland, Italy, Netherlands, Poland, Portugal, Spain, Sweden, Bulgaria, Croatia, Czech Republic, Estonia, Finland, Greece, Hungary, Lithuania, Luxembourg, Norway, Slovakia and Slovenia can use QR codes.

Previous Article

February 18, 2021

U GRO Capital launches GRO Micro; expands network by 25 branches

Read More
Next Article

February 18, 2021

HSBC completes its Islamic trade facility in MENAT with QIB

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 12, 2022

Revolut

The Weekly Wrap: all you need to know by Friday COB | August 12th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 12, 2022

Verdant Capital raises USD 10m of debt funding for Zeepay

Read More

August 12, 2022

Synctera announced the appointment of Yvette Butler to its Board of Directors

Read More

August 12, 2022

PayGround launches Payment Financing Solution on its platform

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022