Fintech startup Revolut places its feet firmly on Japan. Users in Japan now can anytime sign up for the services of Revolut and open an account. The company took this move after testing its service with more than 10,000 users. Revolut originally obtained its legal authorization to operate from Japan’s Finance Service Agency in the year 2018.
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When a person opens up their account on the Revolut app, they will automatically receive an electronic wallet and a Visa debit card. After that, they can top up their account anytime and spend money with the card or even a virtual card. Fintech companies Revolut will send instant notifications and will also enable users to freeze and unfreeze the card through the app. worries to visit the bank and wait for your number has long gone!
Fintech futures company Revolut also lets users money to other Revolut users or a bank account. Like in other countries, Revolut also lets users exchange their money in the app and send money in other international currencies as well. Many people across the world have taken advantage of Fintech jobs and services to travel and pay much less in foreign exchange fees. Revolut users in Japan can also create vaults and keep money aside by rounding up transactions or making recurring transactions.
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Revolut has already launched premium plans across Japan. However, it doesn’t offer many benefits other than lower fee rates on foreign exchange, a comprehensive collection of card designs, better support and the ability to purchase airport lounge access with the LoungeKey Pass. Unlike across the U.K. and Europe, users in Japan won’t be able to invest in cryptocurrencies, trade stocks, purchase insurance products or create Revolut Junior accounts for their children. Revolut at present, is trying to upgrade and create a super app in the home country.
Revolut, though, promises some new features soon, like cryptocurrency and stock trading, which will be available globally. However, there is no fixed release date announced yet. Revolut financial services and app are currently available across the U.K., Europe, the U.S., Singapore and Australia. The company has a total of 13 million customers.
Revolut is a British financial service organization headquartered in London, United Kingdom. The company was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko.
Revolut offers banking services like GBP, Euro bank accounts, transaction cards, currency exchange, stock trading, cryptocurrency as well as peer-to-peer payments. The mobile application of the company supports transfers, spendings and ATM withdrawals in 120 international currencies. These transactions and transfers can be conducted across 29 currencies directly from the app. It also provides customers access to cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and XRP.