British FINTECH-startup Revolut in partnership with Qiwi payment service will start servicing Russian users. About this magazine ForkLog said the representatives of the company.
“Kiwi Bank” to provide startup Revolut banking license, technology, customer identification, payment processing and card issuance.
At startup users will be provided with the basic product: a mobile app and multi-currency VISA card that allow you to make payments, to change and transfer money in 130 currencies and withdraw cash at ATMs worldwide.
Exchange, transfers and cash disbursement will take place at the interbank rate without any fees to users. In the app you can make money transfers in 120 countries and will be available wallets in 26 currencies.
The basic product is free for users, but financial services are available only to individuals.
“Russia attracts Revolut number of people who are faced with the problem of expensive and inconvenient financial services: currency exchange and money transfers abroad. Here we know and expect. We are confident that we will overcome the mark of one million users in the first two years”, — said the head of the Revolut Russia Bogdan Uzbekov.
We will note, in April Revolut during the next investment round raised $250 million and capitalization reached $1.7 billion funds raised will be used to enter new markets of India, Russia, USA, Australia, Singapore, Hong Kong and other countries.
At the end of the same month Revolut announced plans to release metal debit card that will allow its holders to one percent cash back to the cryptocurrency.