- January 29, 2024
In this month’s PYMNTS Provider Ranking of Digital Banking Apps, all movement came from the lower half of the rankings. Acorns and Ally are making moves upward to compete with ...
- January 15, 2024
Technology firm Jabil is helping Revolut scale the production of its mobile point-of-sale system.
Revolut debuted its Revolut Reader in 2022, letting merchants accept in-store or on-the-go payments. Now, increased demand ...
- December 27, 2023
Now that holiday spending is done, you might resolve to take control of your finances in the new year.
PYMNTS’ Provider Ranking of Digital Banking Apps can help you decide what ...
- December 22, 2023
British FinTech Revolut expects its revenue to reach $2 billion this year after rising to $1.1 billion in 2022.
Last year’s revenue was up 45% from the $786 million the company ...
- December 20, 2023
British FinTech Revolut is reportedly on track to bring in $1.9 billion in revenue for the year.
The startup’s monthly revenue averaged roughly $158 million in the first half of the year, Bloomberg News reported ...
- December 13, 2023
Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks.
As reported Wednesday (Dec. 13), the U.K.’s ...
- November 28, 2023
Managing your finances has never been easier, with smartphones closing the gap between you and your money. But with a plethora of apps to choose from, deciding where to park ...
- November 2, 2023
Revolut hired 15-year financial sector veteran Francesca Carlesi to lead its United Kingdom operation.
Carlesi, whose appointment as U.K. CEO was announced Thursday (Nov. 2), comes to Revolut from Molo, a ...
- October 22, 2023
Revolut continues to navigate the complexities of obtaining a banking license in the United Kingdom.
The digital banking services provider has encountered various challenges and delays in its regulatory journey, but remains ...
- October 19, 2023
Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in a decade.
Next week, the Federal ...
- October 18, 2023
Many apps slipped in PYMNTS’ Provider Ranking of Digital Banking this month.
Revolut secured the top spot, beating Chime down a few rankings. Let’s get into the scores.
The Top 5
Revolut won ...
- October 10, 2023
Revolut has launched the latest version of its app — Revolut 10 — for its more than 35 million global accountholders.
“You asked for all things money made easy, so we challenged ourselves to ...
- October 1, 2023
England’s financial regulator is reportedly examining whether Revolut permitted transactions involving suspicious accounts.
Revolut is in discussions with the U.K. Financial Conduct Authority (FCA) over failures that allegedly allowed funds to be released ...
- September 25, 2023
In this edition of PYMNTS’ Provider Ranking of Digital Banking Apps we see some movers and shakers changing ranks, but our tie for first keeps on as Revolut and Chime once again ...
- September 19, 2023
Industries are defined by what customers do, not what companies produce.
And if something doesn’t scale up across a global audience, then it isn’t worth much.
That’s why, as more small- to medium-sized businesses ...
- September 19, 2023
British FinTech company Revolut has reportedly been granted permission to delay filing its 2022 accounts for the second consecutive year.
The filings were originally due on Sept. 13, but Revolut has received an ...
- September 18, 2023
Revolut Business has launched a solution for businesses that aims to address the difficulties surrounding cross-border payments.
The feature, RevTags, is a free and instant global payments network available to businesses within ...
- September 5, 2023
Preferences for the best digital banking experience remain uncertain, leading to tied scores and the presence of both new and returning names in PYMNTS’ Provider Ranking of Digital Banking Apps. As ...
- August 7, 2023
It has been a truly humbling past 12 months for the crypto sector.
The alternative value-transfer vehicle, which was supposed to revolutionize the traditional financial system with democratized and trustless access ...
- July 25, 2023
Revolut is now offering accounts to non-United States citizens lawfully in the country, who do not have a Social Security number (SSN) or individual taxpayer identification number (ITIN).
With this extended availability, ...
- July 9, 2023
A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million.
As the Financial Times (FT) reported Sunday (July 9), the thefts occurred over several months in 2022 before the ...
- July 6, 2023
Revolut has launched a new in-app feature in the United States that provides instant cash back rewards.
The financial app’s new Shops feature provides up to 3% instant cash back rewards at participating brands ...
- July 3, 2023
British financial app Revolut has launched in New Zealand.
Customers in the country can now use the app to access foreign currency exchange, peer-to-peer payments, bill splitting and the ability to ...
- June 29, 2023
British financial app Revolut has brought its robo-advisor to U.S. soil.
The automated investing feature manages customers’ investment portfolios for them with fees Revolut says are lower than the ones offered by ...
- June 15, 2023
Revolut’s struggle to land a U.K. banking license continues to cost the London-based FinTech.
Molten Ventures, a venture capital firm that has invested in Revolut, has marked down the value of ...
- June 1, 2023
British financial platform Revolut says it now has more than 30 million retail customers.
That’s according to an announcement from the company Thursday (June 1), noting that it had added more ...
- May 11, 2023
Revolut’s chief financial officer has stepped down two years after joining the British FinTech.
Mikko Salovaara’s resignation was due to “personal reasons,” a company spokesperson told PYMNTS Thursday (May 11).
“I am ...
- May 7, 2023
Revolut’s CEO says recent bank turmoil has held up his company’s U.K. banking license.
“Ultimately, it is not really us, it is generally the banking crisis we see at the moment that ...
- April 20, 2023
People can’t seem to decide which digital banking experience they like best, which would explain the tangle of tied scores and new or returning names to PYMNTS’ Provider Ranking of Digital ...
- April 4, 2023
European neobank Bunq has applied to bring its business to “digital nomads” in the U.S.
The company announced Wednesday (April 4) that it had applied for a New York banking license ...
- March 30, 2023
Revolut’s response to an audit of its books has reportedly drawn criticism from its board.
Earlier this month, the British FinTech had announced that an opinion by auditors “confirmed that ‘the ...
- March 20, 2023
The rich and varied world of digital banking is perhaps best captured by PYMNTS Provider Ranking of Digital Banking Apps, where we find the top names jockeying for positions.
As is ...
- March 14, 2023
French payments platform Numeral is joining the U.K.’s fight against IBAN discrimination.
The banking aggregation and payment automation platform announced Tuesday (Mar. 14) it was launching in Great Britain, where it ...
- March 6, 2023
In a race to break even, British FinTech giant Revolut is the latest startup to claim profitability, a milestone that few neobanks have attained despite disrupting the global traditional banking ...
- March 1, 2023
All-in-one FinTech platform Revolut’s first full year of profit is now coming under question.
This, as the company’s auditor BDO LLP warned that Revolut’s 2021 revenues may have been “materially misstated” ...
- February 19, 2023
British FinTech Revolut could be a step closer to getting its U.K. banking license.
The company this week is expected to sign off on its 2021 financial accounts as part of ...
- February 13, 2023
With more and more consumers embracing digital-first banks, the under-18 crowd presents the next generation of customers.
But digital banking products for minors have not all been successful.
In January, Ruuky, a ...
- February 2, 2023
JPMorgan Chase is banking on digital to help grow its business in Europe.
Less than 18 months after it launched its digital proposition Chase in the U.K., the global banking group ...
- January 31, 2023
Monzo is one step closer to achieving annual profitability by the end of this year.
The firm’s latest earnings show that the U.K.-based neobank’s annualized revenues increased by 250% to 440 ...
- January 23, 2023
Revolut is reportedly continuing its European expansion by offering Irish customers local bank accounts.
As Bloomberg News reported Monday (Jan. 23), the launch of Irish International Bank Account Numbers (IBANs) means ...
