Revolut, a UK-based financial technology company that offers banking services, has signed a new deal with Visa. Through it, Revolut will expand its services to 24 new markets and hire 3500 employees.
Revolut, a British financial technology company that offers banking services, has signed a new deal with payments giant Visa. As a result, Revolut will expand its services to 24 new markets, or a total of 56 around the world, and hire 3500 employees.
Under the terms of the agreement, Revolut will primarily issue Visa-branded cards in the global expansion. As Reuters reports, Visa will initially enable Revolut to launch in Australia, Brazil, Canada, Japan, New Zealand, Russia, Singapore and the United States, followed by Argentina, Chile, Colombia, Hong Kong, India, Indonesia, Korea, Malaysia, Mexico, Philippines, Saudi Arabia, South Africa, Taiwan, Thailand, Ukraine and Vietnam.
Nikolay Storonsky, Revolut founder and chief executive officer, commented:
“We are excited to build upon our existing collaboration with Visa, the world’s leader in digital payments, which will bring to life our shared vision for seamless, innovative payment experiences. The new global agreement with Visa is timely for Revolut as we move into a number of new markets to offer even more consumers the control, flexibility and innovative features that our European customers have been benefiting from for years.” Read More...