Financial technology platform Revolut has launched a trial program in the United Kingdom for “Pay with Smile,” an in-store biometric payment system that enables consumers to complete transactions using facial recognition. Positioned as the UK’s first merchant-facing facial payment platform, the service waives processing fees for participating retailers and is initially undergoing live testing across…
Revolut’s application for a South African banking licence is progressing, and the company is still targeting a 2028 launch. That is a long wait in a market that keeps moving. By 2028 the app-quality gap Revolut exploits elsewhere will have narrowed, the newer entrants will have dug in and reform of the National Payment System…
1GLOBAL strengthens its partnership with Revolut, expanding the leading neobank’s mobile data plan offering to the Polish market. 1GLOBAL, a technology-driven global mobile communications provider, strengthens its partnership with Revolut, expanding the leading neobank’s mobile data plan offering to the Polish market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251216769985/en/ By integrating…
Revolut’s head office in London. Hiba Kola/Reuters Britain’s Revolut said on Monday it had completed a secondary share sale valuing it at US$75-billion, a 66% jump from last year and underlining the rapid growth of Europe’s most valuable fintech company. London-based Revolut said the sale was led by investors Coatue, Greenoaks, Dragoneer and Fidelity, while…
Gaby Magomola Digital bank Revolut has appointed former African Bank CEO Gaby Magomola as chairman of its South African subsidiary, all while the digital challenger pursues a formal banking licence with local regulators. In a statement on Friday, Revolut said it has submitted its “section 12” application to the Prudential Authority of the Reserve Bank…
The South African banking sector is poised for further disruption as one of the world’s largest digital banks, Revolut, prepares to enter the local market. The London-headquartered fintech Revolut is driving an expansion into emerging markets following last Wednesday’s announcement that it will launch a payments platform in India. Founded in 2015 by Nikolay Storonsky…
