Revolut is Going Global through New Deal with Visa

Revolut is Going Global through New Deal with Visa
30.09.2019 10:06 am

Revolut is Going Global through New Deal with Visa

Payments

Revolut says the expanded relationship with Visa will bring its bank-like product offerings to five new regions, reaching 24 new markets for a total of 56 markets globally. Under the terms of the agreement, Revolut will primarily issue Visa-branded cards in the global expansion.

Jack Forestell, chief product officer, Visa, says: “With Visa being accepted at nearly 54 million merchant locations across more than 200 countries, we have the scale, experience and expertise to help fintechs like Revolut go global.”

The agreement will see Revolut expand beyond its European stronghold and Australian outpost to open in eight new countries including Brazil, Japan, Russia and the United States by the end of this year.

Revolut will then launch in other Latin American and Asian markets next year, its chief executive and founder Nikolay Storonsky told Reuters.

“We are around 1500 people now and by summer next year we plan to be around 5000,” he told the newswire.

Related News

Ascendant Introduces Payment Tracking Through SWIFT gpi

AscendantFX Capital announced today that they have become members of the SWIFT network, and more specifically the Global Payment Initiative (gpi). Ascendant... Read more »

Digital Payment Solution by Mondia Pay Becomes Popular among African Telcos

Mondia Pay, Mondia’s (www.Mondia.com) digital payment entity, announced that it recently... Read more »

Razorpay Launches Payment Buttons for SMEs

Empowering Startups to accept payments on their own website,... Read more »

Younger Generations Drive UK Alternative Payment Method Adoption for Online Transactions

As the migration away from traditional payment methods in the UK accelerates, younger generations are leading the adoption of alternative payment methods (APMs) such as bank... Read more »

Sokin Links Into Currencycloud to Strengthen Its Global Payments Network

Sokin, the new generation fintech payment firm, has announced it will be integrating Currencycloud’s local payment rails as part of it’s easy... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel