Revolut launches new service for businesses designed to rival Swift payments system
Revolut said its new RevTags feature will offer cross-border payments in 29 currencies across its international network
Revolut, the London-headquartered fintech company, has launched a new service for business customers aimed at competing with the long-established Swift payments system.
The new service, known as RevTags, will offer cross-border payments in 29 currencies across the Revolut network, with no fees applied. The service can be used in 150 countries.
Research by Revolut found that 64 per cent of Irish businesses identify facilitation of payments as the biggest financial challenge currently facing their business. ...