Revolut to launch in the Philippines
London-based digital financial platform Revolut, in partnership with Visa, is set to launch in the Philippines soon.
Revolut offers a variety of digital financial services via its mobile application, including currency exchange, budgeting, person-to-person payments, all done and linked to a Visa card. Nikolay Storonsky, founder and CEO of Revolut, stated:
“We are excited to build upon our existing collaboration with Visa, the world’s leader in digital payments, which will bring to life our shared vision for seamless, innovative payment experiences. The new global agreement with Visa is timely for Revolut as we move into a number of new markets to offer even more consumers the control, flexibility and innovative features that our European customers have been benefiting from for years.”
Chris Clark, Visa’s Regional President in the Asia Pacific, added:
“We are excited to extend Visa’s partnership with Revolut to Asia Pacific. Working together, we will bring new financial services experiences to consumers across the region. Payments is evolving rapidly in our region and it’s great to have an innovative fintech partner like Revolut expanding here. We are looking forward to leveraging the power of Visa’s global network to support Revolut as they grow their business in Asia Pacific.”
Revolut’s global expansion will launch initially in Australia, Brazil, Canada, Japan, New Zealand, Russia, Singapore, and the United States. Following the initial rollout will be Argentina, Chile, Colombia, Hong Kong, India, Indonesia, Korea, Malaysia, Mexico, Philippines, Saudi Arabia, South Africa, Taiwan, Thailand, Ukraine, and Vietnam.