Innovative solutions are becoming more and more competitive for traditional banking, and the best example is Revolut. The lack of payments for foreign transfers and the savings support system are just some of the solutions proposed by the digital platform.
Revolut - alternative digital banking
Revolut is an alternative digital banking, which is already used by over five million users. The company proposed a number of solutions that were not yet able to provide traditional banks, becoming a highly promising prospect for the financial services sector. People using Revolut solutions they do not have to pay for transfers abroadand what's more the platform itself defines exchange ratesthat are in most cases more favorable than those proposed by the banks. An interesting option is also graphic capabilities, which can be used for transfers.
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Revolut introduces innovative solutions
Revolut offers its users a range of solutions that will help them wisely manage their finances. One such tool are Valut safesthat support people who would like to use their resources more wisely so that they can start saving money.
This function provides several ways to save money, and one of them is rounding amounts during payment transactions - such a surplus then automatically goes to the savings account, which the user can monitor on an ongoing basis. Additionally, the user is notified of each transaction via the push application.
Revolut also gives you the option of planning your daily, weekly or monthly budget, including individual expenses groups, such as food expenses or fuel expenses.
In addition to strictly banking services, Revolut also offered its users favorable travel insurancefor both life and health, as well as for tangible goods, such as a smartphone. Phone insurance they are becoming an increasingly popular service, which was successfully used by Revolut, offering a price for this service much lower than most other offers of this type. What's more, the insurance offered by the platform also includes damages that are not included in the warranty.
Start-up Revolut was founded in London in 2015 by two Russians - Nikolai Storonski and The ruler Jacenko. For four years of operation, the platform gathered nearly $ 1 billion from its investors near 336, and the number of users of this innovative digital banking reached nearly five million. It is also worth mentioning that the Revolut customers themselves are the strong platform strength. They create a lively community of recipients who can submit proposals for new functions and provide information about errors. Although the huge success of the platform is an unquestionable fact, Revolut is also a criticism object, whose source is most often suspicions that its creators are associated with the Russian oligarchy.