Will joining the big banks pay off for Revolut?
The fintech start-up stands to gain from the exit of KBC and Ulster Bank, but has a long way to go to become a trusted global financial services player
It is less than a decade since Revolut, the London-based fintech, launched its instant payments app. But since that launch in 2015, it has gained cult brand status in Ireland and around the world.
The term “Revolut me” is practically ubiquitous among consumers today, and the app is often the preferred option for transferring cash, making payments in a foreign currency or splitting a bill.
Revolut claims it now has around two million users in ...