Revolut is to launch in five new countries in the next couple of months

By Joy Dumasia

Revolut, the global financial super app with more than 18 million customers worldwide, has announced a streamlined version of the Revolut app will be available in five new countries in the next couple of months, enabling consumers in more countries to access fast, convenient and secure money transfers at best possible exchange rates.

Customers in the additional countries can transfer money to 50+ countries quickly, bringing Revolut closer to connecting people seamlessly across the world with financial services that are fast, convenient, secure and competitively priced. With the aim of launching in dozens more countries by the end of 2022 and additional features to be added soon, Revolut is changing the way the world sends and receives money. 

Revolut allows customers to send and receive money at the tap of a button. There is no fee between Revolut customers and a 1% fee to non-Revolut bank accounts with a $1 USD minimum fee for customers in these five new countries. Any transfer fee will be displayed in the app before a customer hits transfer, and a competitive exchange rate is offered for international transfers. 

Revolut will enable customers in additional countries to make competitive and secure international transfers in 30+ currencies more quickly and easily than traditional finance companies. Starting in the next couple of months, individuals in these countries can download the Revolut app and sign-up to access the streamlined version. Money can be sent across the globe in a flash, with most transfers happening within one working day.

Vlad Yatsenko, Revolut, Chief Technology Officer, commented: “We’re delighted to launch the Revolut app in another five countries as we continue to expand access to Revolut’s fast, secure, and easy money transfers to countries around the world. Revolut is redefining how to send and receive money by simplifying the process of international transfers, offering competitive fees, and always providing the best possible exchange rate.

Traditional transfers can sting customers with hidden fees, but we’re waiving all our transfer fees if you’re both on Revolut, no matter where you are. Additionally, we’re always offering the best possible exchange rate that we can, something we’re extremely proud of.”

Recently, IBS Intelligence reported that Revolut, the global financial super app with more than 500,000 business customers worldwide, has launched new fee-free USD transfers to the UK. Revolut has moved closer to borderless accounts by offering US bank details to its UK business customers, enabling them to accept USD transfers from US-based customers, payment apps and online marketplaces with no fees.