Alternative Payment Solution: Revolut

Summary

Revolut is an app-based payment solution that allows users to make domestic and international fund transfers to both Revolut and non-Revolut users. It also allows users to make online and in-store payments, as well as cash withdrawals at ATMs using Visa- and Mastercard-branded Revolut prepaid cards.

In addition, Revolut allows users to apply for personal loans through the app. Successful applicants receive the money instantly. Credit is provided by P2P lending company Lending Works. Revolut is not a lender, and acts as a representative of Lending Works.

In December 2017, Revolut introduced a new feature allowing users to buy and hold cryptocurrencies including Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and XRP within the app. Users can also transfer these digital currencies to other Revolut users.

Revolut allows users to top-up their Revolut account in 15 currencies using multiple payment methods, including bank transfers; Mastercard, Maestro, and Visa debit and credit cards; and payment solution like Apple Pay or Google Pay. Revolut also acts as an insurance intermediary, offering travel and device insurance products.

Launched in 2015 in the UK, Revolut is now available in 32 countries. It is backed by well-known investors including Index Ventures, Balderton Capital, and Ribbit Capital.

The report provides information and insights into alternative payment solution Revolut including –
– Detailed insight into its business
– Comprehensive coverage of its products and services
– Comparative assessment with key alternative payment solutions
– Information on its performance, including its revenue model
– The company’s important events and milestones.

Scope

– In July 2015, Revolut was launched in the UK.
– In November 2017, Revolut applied for banking license to expand its portfolio of services.
– In December 2017, Revolut introduced cryptocurrency service, enabling users to buy, hold, and exchange cryptocurrencies including Bitcoin, Litecoin, and Ethereum within the app.
– In August 2018, launched Revolut Metal payment card for high-end customers.

Reasons to buy

– Gain insights into Revolut’s business operations and key events.
– Gain insights into its product portfolio and revenue model.
– Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.