Online banking platform Revolut says it will start gradually onboarding 20,000 Australians who signed up to a waiting list.
Revolut says it will start gradually onboarding 20,000 Australians who signed up to a waiting list.
It's one of a breed of new app-based banking challengers that are trying to compete with established players.Fintech start-up Revolut launched its app in Australia on Thursday, marking its first expansion outside of Europe. Revolut has grown rapidly since it was founded in 2015, racking up more than five million customers in total. By contrast, German rival N26The digital bank gained popularity for its foreign exchange service which offers the real exchange rate, and has added more features to its platform in recent years, including business accounts and cryptocurrency trading.
"Sending money between the U.K., Europe and Australia has traditionally been costly and time-consuming, with transfers taking up to three business days to arrive," Mahon-Heap said in a statement Thursday.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beyond Meat is launching a 'meatier' version of its plant-based burgerThe new formula, which more closely mimics the texture of beef, comes as Tyson Foods and Nestle prepare to launch their own plant-based meats.
Read more »
Coinbase launches its cryptocurrency debit card in six more countries in EuropeDigital currency exchange Coinbase announced Wednesday its Visa debit card will launch in Europe after debuting in the U.K. in April.
Read more »
JP Morgan downgrades Beyond Meat: It's 'beyond our price target'J.P. Morgan downgraded Beyond Meat on valuation.
Read more »
Is Beyond Meat priced beyond its actual value?J.P. Morgan’s Ken Goldman and James Allen downgraded the Beyond Meat stock to ‘neutral’ after a run that has cost short sellers $400 million.
Read more »
Darren Star on 'Younger' Staying Put at TV Land and Future Beyond a 'Grounded' Season 6When YoungerTV returns with season 6, the big secret that has been driving the series is out. What does that mean for Sutton Foster and the cast?
Read more »
Walmart Expands College For $1 A DayWalmart is offering high school students college for $1 a day
Read more »