SAN FRANCISCO & LONDON–(BUSINESS WIRE)–Visa (NYSE:V) and Revolut, the arch fintech in Europe, today appear a new acceding that will advice Revolut aggrandize its business globally. Leveraging Visa’s brand, calibration and all-around accepting footprint, Revolut will be able to accompany its artefact offerings to bristles new regions, extensive 24 new markets, for a absolute of 56 markets globally. Under the acceding of the agreement, Revolut will primarily affair Visa-branded cards in the all-around expansion.
Revolut offers consumers a ambit of agenda cyberbanking casework via a adaptable application, including bill exchange, allotment and person-to-person (P2P) payments, all affiliated to a Acceptance card. Building on the success of its absolute acceding in Europe, Acceptance will accredit Revolut to barrage initially 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.
“We are aflame to body aloft our absolute accord with Visa, the world’s baton in agenda payments, which will accompany to activity our aggregate eyes for seamless, avant-garde acquittal experiences,” said Nikolay Storonsky, architect and arch controlling officer, Revolut. “The new all-around acceding with Acceptance is appropriate for Revolut as we move into a cardinal of new markets to action alike added consumers the control, adaptability and avant-garde appearance that our European barter accept been benefiting from for years.”
“Revolut has fabricated abundant strides in carrying avant-garde and different adventures to consumers in Europe. We are captivated to extend our accord as Revolut looks to accomplish their all-around advance ambitions and collectively drive added aggregate on the Acceptance network,” said Jack Forestell, arch artefact officer, Visa. “With Acceptance actuality accustomed at about 54 actor merchant locations beyond added than 200 countries, we accept the scale, acquaintance and ability to advice fintechs like Revolut go global.”
Acceptance and Revolut accept congenital a able affiliation over the aftermost four years. The agenda cyberbanking another aboriginal began arising Acceptance cards to its barter beyond Europe in July 2017. Back that time, Revolut has been able to advantage Visa’s all-around arrangement and capabilities to advice drive their accelerated all-around expansion, including arising Visa-branded cards in every above European bazaar today.
Over the aftermost four years, Revolut has been at the beginning of all-around cyberbanking innovation. In an accomplishment to accredit consumers to bigger administer their money digitally, Revolut and Acceptance will acquiesce for:
The Acceptance and Revolut all-around accord builds on Visa’s abiding charge to fintechs and bolsters the company’s cardinal business priorities, including:
About Acceptance Inc.
Acceptance Inc. (NYSE: V) is the world’s baton in agenda payments. Our mission is to affix the apple through the best innovative, reliable and defended acquittal arrangement – enabling individuals, businesses and economies to thrive. Our avant-garde all-around processing network, VisaNet, provides defended and reliable payments about the world, and is able of administration added than 65,000 transaction letters a second. The company’s adamant focus on addition is a agitator for the accelerated advance of agenda business on any device, for everyone, everywhere. As the apple moves from analog to digital, Acceptance is applying our brand, products, people, arrangement and calibration to adapt the approaching of commerce. For added information, appointment About Visa, visa.com/blog and @VisaNews.
Revolut was launched in July 2015 by above Credit Suisse and Deutsche Bank advance bankers, Nik Storonsky and Vlad Yatsenko, as a agenda another to the big banks. While the fintech initially drew in barter by absolution them absorb and alteration money away with the interbank barter rate, the aggregation has back admiring over 7 actor barter in Europe with its spending overviews, allotment controls, accumulation appearance and cryptocurrency exchange.
To date, Revolut has aloft about $340 actor in investments, from notable adventure basic firms including Index Ventures, Ribbit Capital, Balderton Basic and DST Global.
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