Digital challenger bank Revolut announced on Wednesday it is currently making plans to launch in Singapore. This news comes just after the company announced it launched “disposable’ virtual cards.
“From clunky apps to hidden fees, banking as we know it is broken. That’s why we decided to build Revolut from the ground up to challenge the industry giants and reinvent how people interact with their money – for the better. Since we launched in July 2015, Revolut has achieved a huge amount as one of the fastest growing fintechs in the world. We have attracted over 1.7 million users and processed over $10 billion in transactions to date, all without spending a single penny on marketing.”
Revolut also claims it is the first company in the world that allows you to spend fee-free at the interbank rate in more than 150 countries, hold money in 25 different currencies at the same time, or gain exposure to cryptocurrencies in a matter of seconds.
“Regulatory bureaucracy and a perceived lack of experience haven’t stopped us from building world-class infrastructure that delivers a card to your doorstep wherever you are in the world, gaining access to both Mastercard and Visa licenses in record time, and rolling out fully functional current accounts to both business and individual users. On our incredible journey so far, we’ve made countless mistakes, we’ve navigated through seemingly impossible obstacles, and we’ve learnt a huge amount. We’re not satisfied with just being the largest fintech in Europe, we’re taking on the world!”
Revolut then added it will be launched in Singapore soon, with other countries in North America and Asia-Pacific following shortly.