UK FinTech giant Revolut has geared up for a launch in five new countries, which will go live over the coming couple of months.
Its money transfer app will soon be available in Sri Lanka, Chile, Ecuador, Azerbaijan and Oman. Users in these countries will be able to transfer money to over 50 countries.
Revolut is planning to launch in dozens more countries by the end of the year, with the goal set at up to 90 countries.
The Revolut app enables users to send and receive money at the tap of a button, with no fee between customers and a 1% fee to non-Revolut bank accounts. There will be a minimum $1 fee for customers in the new five countries.
Revolut CTO Vlad Yatsenko said, “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.”
Revolut has made a number of developments this year. It recently appointed Allianz Partners as its global travel insurance services provider and launched a pet insurance product.
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