Having a specialized bank license, Revolut Bank has started active expansion in the Central and Eastern European region by offering deposit insurance-insured accounts to customers in Bulgaria, Estonia, Greece, Cyprus, Croatia, in Latvia, in Malta, Romania, Slovakia and Slovenia. Users of the global financial platform "Revolut" who have chosen to become customers of the bank will be able to use other banking services in the future, which Revolut Bank intends to gradually expand throughout the region.
Representatives of the fast-growing bank are confident that deposit accounts, together with other services provided in the Revolut app, will provide customers with even more effective control over their finances, more value and security compared to traditional banks.
"We have already provided banking services to customers in Lithuania and in Poland, and now we're taking a broader step into ten new markets. The development of the bank will allow to increase the trust of customers in the whole region and to present them with more innovative services in the future", says Virgilijus Mirkės, head of Revolut Bank.
"The added value and significance created by the digital economy is constantly growing. Revolut Bank is a great example of this process. We are happy to see that the members of our association offer modern financial management solutions to an increasing number of clients," says Dr. Eivilė Čipkutė, President of the Lithuanian Banks Association.
The European Central Bank granted Revolut Bank a specialized bank license at the request of the Bank of Lithuania. Last year, Revolut introduced a specialized bank in Lithuania and Poland and has already started offering credit services here - consumer loans and credit cards. A specialized bank license allows Revolut Bank to provide banking services through the Revolut app.
To date, the Revolut Group has raised nearly $1 billion. JAV dollars of investment and was estimated at 5,5 billion. US dollars. In just five years, Revolut has attracted more than 15 million customers worldwide. With the Revolut app, customers can know exactly how much they spend each month on things like restaurants or groceries, set a monthly budget for these categories, easily manage subscription fees, send and receive instant transfers from Revolut friends, and rounded up to allocate your expenses to savings, as well as conveniently store or exchange funds in 31 currencies.
