Search Coins

NFT Collection The Superlative Secret Society Price, Stats, and Review

cryptodaily.co.ukin 3 years
-2

PEPE whale shifts 2.7T tokens; Should you panic? Well…

ambcrypto.com26 minutes ago
0

Analyst Jason Pizzino Predicts Bitcoin Price Targets and Potential Spurring of 2024 Altseason – Here’s His Outlook

dailyhodl.com26 minutes ago
0

Bitcoin Difficulty Drops: Miners Hesitant To Expand Ahead Of Halving?

bitcoinist.coman hour ago
0

Blackrock CEO Larry Fink ‘Very Bullish’ on Bitcoin — Hails IBIT ‘the Fastest Growing ETF’ Ever

news.bitcoin.coman hour ago
0

XRP Lawyer John Deaton Asks for Support to Defeat Senator Warren

coingape.coman hour ago
0

Bitcoin Bull Flag Could Predict 10% Surge To $77,000, Analyst Explains

www.newsbtc.coman hour ago
0

LendFi Revolutionizes DeFi Landscape With Comprehensive App Launch

news.bitcoin.coman hour ago
0

Can Jupiter’s latest update pull up Solana after its 71% ‘fall’?

Officials From the US and UK Investigate Crypto Transfers to Russian Exchange Valued at $20,000,000,000: Report

dailyhodl.com2 hours ago
0

PEPE prices drop by 6%, but here’s where holders can book some profits

ambcrypto.com2 hours ago
0

Hedge Fund Goes Long Bitcoin, Short MicroStrategy: Details

bitcoinist.com2 hours ago
0

Venom Blockchain Enters Abu Dhabi, Fueling Optimism For Web3 Ecosystem Expansion

bitcoinist.com3 hours ago
0

Shiba Inu Lead Dev Tells Ethereum Founder, ‘It’s Just The Start’, Here’s Why

bitcoinist.com3 hours ago
0

Shiba Inu Going To $0.0001: Crypto Analyst Reveals What Will Drive The Rally

www.newsbtc.com3 hours ago
0

Venom Blockchain Launch Triggers Huge Surge In User Adoption, Surpassing 1 Million In A Single Day

www.newsbtc.com4 hours ago
0

OKX repositions US compliance team as highest priority

crypto.news4 hours ago
0

Shiba Inu price targets 200% gains despite Solana memes, Dogecoin dominance

crypto.news4 hours ago
0

Ethereum whale cashes out 17,000 ETH – Here’s what it means for you

ambcrypto.com4 hours ago
0

Canadian Authorities Probe $169M QuadrigaCX Crypto Scam In New Wealth Investigation

bitcoinist.com4 hours ago
0

Analysts Bullish On FLOKI As Price Surges 9.8%, New ATH Soon?

Crypto Trader Breaks Down Bitcoin’s Break Out, Says Altcoins Will Soon Wake Up

XRP and USDT traders flock to Fezoo exchange

crypto.news5 hours ago
0

Circle USDC Set to Transform zkSync Transactions

coingape.com5 hours ago
0

Bitgert Coin: Turning small investments into significant returns

crypto.news5 hours ago
0

Revolut Officially Begins Business in Singapore after Long Beta Testing Period

Oct 24, 2019 10:14 AM +00:00
0

Coinspeaker
Revolut Officially Begins Business in Singapore after Long Beta Testing Period

Revolut, the popular fintech startup and challenger bank based in London, has announced that it will be officially expanding its services to Singapore, allowing citizens to enjoy numerous options already being used by the company’s customers in Europe. This news follows a long period of beta testing in Singapore where Revolut already has about 30,000 customers.

Now, all residents in Singapore can easily open an account online and take advantage of Revolut’s travel debit card which now supports the Singapore dollar as well as several other currencies. The company promises to use the “real exchange rate” and will not make customers pay any hidden charges. Singapore expansion is done in partnership with the multinational payment company Visa.

According to the Country Manager for Visa in Singapore and Brunei, Kunal Chatterjee, Revolut is breaking new grounds and has set a record in Singapore with its introduction of new features and options, never seen before in the country. Chatterjee said:

“Revolut is the first neobank that Visa is partnering [with] in Singapore to issue a multi-currency travel debit card. As we progress into a more digital society, consumers expect to lead a digital lifestyle and make payments seamlessly when they travel without worrying about carrying too much cash.”

Singaporean Revolut users on its standard plan will be able to withdraw a maximum of 350 Singapore dollars on international ATMs while premium users will have access to double of this, reaching 700 Singapore dollars. Furthermore, free users can easily make money conversions within the app for free on weekdays. These conversions are allowed up to $9,000 Singapore dollars, every month.

Revolut also allows three types of accounts. The free account is without any charges but there also is the Premium account with more features and higher limits at $9.99 per month and the Metal account with even more features and better limits at $19.99 per month.

A few days ago, Revolut also announced its partnership with giant payment company, Mastercard. The two companies have been working together for a few years now since the challenger bank’s launch and this new partnership seeks to extend their work together.

Revolut plans to expand its services to the United States by the end of this year and the partnership with Mastercard will ensure that all of Revolut’s debit cards in the U.S. will be handled exclusively by Mastercard. Revolut is however not working with Mastercard alone and has also partnered with Mastercard rival Visa. These partnerships are to directly drive Revolut’s specific plans for expansion

At the moment, the bank’s services are available in all of Europe and Australia as well, with a little more than 8 million customers. The company is valued at about $1.7 billion and has successfully received funding of more than $336 million. During the event put together for its Singapore launch, Revolut also announced that at some point in the near future, it will give Singaporean customers access to other features being enjoyed in its other jurisdictions, including free stock market trading and cryptocurrency trading as well.

Revolut Officially Begins Business in Singapore after Long Beta Testing Period

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.