<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Revolut, a UK-based neobank serving B2C and B2B segments, has secured a banking license to operate in Mexico.
      </p>
    </li>
    <li>
      <p>
        It aims to leverage the license to offer a wide range of financial products and services to facilitate cross-border remittances for Mexican customers.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         In March 2023, Revolut 
        <a href="https://sp-edge.com/updates/18868">
          secured the Direct Credit Society (SCD) license
        </a>
         from the Central Bank of Brazil, enabling its operation in the country. It now provides a global account offering foreign exchange and remittance capabilities in 27 currencies.
      </p>
    </li>
  </ul>
  <p>
  </p>
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<div>
  <p>
    <a href="https://www.fintechfutures.com/2024/04/revolut-to-launch-operations-in-mexico-with-new-banking-licence/">
      FintechFutures
    </a>
  </p>
  <p>
    <a href="https://www.finextra.com/newsarticle/43962/revolut-secures-mexican-banking-license">
      FinExtra
    </a>
  </p>
  <p>
  </p>
</div>


Neobanks

ANALYST_QUICK_TAKE

<div>
 
 <p>Revolut, a UK-based neobank focusing on B2C and B2B sectors, has obtained a banking license in Mexico.</p>
 <p>The license will be used to introduce various financial products and services to assist cross-border transactions for customers in Mexico.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> In March 2023, Revolut <a href="https:<br>
//sp-edge.com/updates/18868"> secured the Direct Credit Society (SCD) license </a> from the Central Bank of Brazil, enabling its operation in the country. It now provides a global account offering foreign exchange and remittance capabilities in 27 currencies.</p>

Revolut secures banking license in Mexico

PROMINENT_CATEGORY

<div>
 <p>Revolut, a UK-based neobank, has introduced savings accounts for Romanian customers. The annual percentage yield (APY) ranges from 2.50% to 4.25% based on the selected plan.</p>
 <p>The savings account offers automated top-ups, secure and easily accessible funds, and daily interest payments. The bank's funds are insured under the Deposit Guarantee Scheme.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Romania is Revolut’s largest market in the European Economic Area (EEA), serving more than 3 million customers as of <a href="https:<br>
//www.romania-insider.com/revolut-romania-leader-cee-clients-october-2023"> October 2023 </a> . For the B2C segment, it offers individual accounts, joint accounts, and special teen accounts in the country, along with its crypto and stock investing platforms and robo-advisor services.</p>

Revolut introduces savings accounts to customers in Romania

<div>
 
 <p>Revolut, a UK-based neobank, has launched Flexible Accounts in Ireland where money is invested in money market funds. Users can open these accounts in EUR, GBP, or USD and earn variable APYs of up to 3.95%, 5.25%, and 5.45%. These returns are paid daily. Customers can also add and withdraw funds anytime and avail features like smart change round-ups and recurring transfers.</p>
 
</div>

Revolut launches ‘Flexible Accounts’ in Ireland

Retail investors demanding sophisticated passive investment strategies are looking for an edge.

Retail Trading Infrastructure

<div>
 
 <p>UK-based neobank Revolut, which serves B2C and B2B segments, has introduced its robo-advisory platform to clients in the European Economic Area (EEA). This robo-advisor function by asking the users a range of questions regarding their financial objectives and risk tolerance. Based on the responses, it then automatically invests the client's money in a customized and diversified portfolio. Furthermore, it continuously monitors and manages the portfolios of the customers to ensure their financial goals are met.</p>
 <p>Robo-advisor levies a monthly managing fee of 0.75% of the portfolio's value, and the clients are allowed to begin investing with a minimum invenstment of EUR 100, which is roughly USD 109.</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 Revolut inaugurated its <a href="https:<br>
//sp-edge.com/updates/19814"> robo-advisory </a> platform in the US in&nbsp;June 2023, allowing customers to invest in five diversified portfolios. Revolut also offers other investment services, such as a cryptocurrency trading platform for customers in the US, EEA, and Singapore, as well as a stock trading platform for customers in the US and the EEA region.</p>

Revolut expands robo-advisory platform to EEA customers

<div>
 
 <p>Revolut, an UK-based neobank, has introduced a robo-advisory platform for clients within the European Economic Area (EEA). The robo-advisor identifies the financial goals and risk tolerance of users by asking them a set of questions and accordingly invests their money into diversified, tailor-made portfolios. It also consistently supervises and manages these portfolios to ensure financial goals are achieved.</p>
 
 <p>The platform charges a monthly handling fee equivalent to 0.75% of a portfolio's worth and users can begin investing with a minimal starting amount of EUR 100 (~USD 109).</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 Revolut inaugurated its <a href="https:<br>
//sp-edge.com/updates/19814"> robo-advisory </a> platform in the US in&nbsp;June 2023, allowing customers to invest in five diversified portfolios. Revolut also offers other investment services, such as a cryptocurrency trading platform for customers in the US, EEA, and Singapore, as well as a stock trading platform for customers in the US and the EEA region.</p>

<div>
 
 <p>Revolut, a UK-based neobank, has launched an AI-powered feature to combat advanced card scams. This service focuses on identifying and intervening in fraudulent card transactions before any funds can be transferred. It is primarily tuned to detect authorized push payment (APP) scams. If a card payment is found to be potentially fraudulent, it is automatically declined.</p>
 <p>Upon detection of a scam, customers are led through a fraud intervention process within the Revolut app. They will need to provide additional information about their transaction for further analysis. The feature promises to enhance customer protection and provide education on scam tactics.</p>
 <p>Moreover, customers will also have access to in-house fraud specialists for tailored guidance on understanding and combating fraud.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Revolut claims that it has observed a 30% reduction in fraud losses since testing its feature. The UK and the US—its key markets—have the highest fraud rates. In the UK, more than <a href="https:<br>
//www.checkout.com/blog/regions-high-credit-card-fraud#:<br>
~:<br>
text=Payment%20Fraud%20Statistics%20in%20the%20UK,-Despite%20having%20the&amp;text=Here%20are%20the%20key%20stats,%C2%A32%2C300%20lost%20every%20minute."> GBP 1.2 billion </a> (USD 1.5 billion) was lost to credit card fraud in 2022, with 78% of cases involving APP fraud originating from online sources and 18% coming through telecommunications channels. Meanwhile, financial fraud reached a record high of USD 10 billion in the US in 2023.</p>

Revolut launches AI-based feature to protect customers from card scams

INCUMBENTS_PRESENT

<div>
 <p>Revolut, a UK-based neobank that caters to both B2C and B2B segments, has entered into a partnership with Sabre Corporation, a software and technology provider, to improve B2B payments for travel agencies. The integration of Revolut's virtual cards into Sabre's platform will enable quick and secure payments to airlines, hotels, and other suppliers.</p>
 <p>The collaboration aims to solve issues faced by Sabre-connected agencies such as faster onboarding, seamless incorporation of virtual card technology, access to a variety of commercial card products, and preferential currency conversion rates. Additionally, it offers real-time insights via efficient FX management.</p>
 <p>Sabre Virtual Payments enhances the integration between travel agents, Revolut, and booking tools. It does this by automating payment reconciliation and offering comprehensive data for fully integrated payment services.</p>
</div>

Revolut and Sabre partner to improve B2B payments for travel agencies

<div>
 
 <p>UK-based neobank, Revolut, has introduced mobile wallets to enhance international money transfers. The new feature enables users to send funds abroad using recipient's basic information, eliminating the need for complex bank details. This service is available for customers in the UK and most European countries, allowing money transfers to places like Kenya and Bangladesh. The feature is particularly beneficial for expatriates and international students for transferring funds through the Revolut app. With 35 million global customers, Revolut has witnessed a 55% growth in customers opting for paid plans.</p>
 
</div> <p><b>Analyst QuickTake: </b> This product launch follows Revolut's introduction of a similar service, called <a href="https://sp-edge.com/updates/22016"> RevTags </a> , for business customers in September 2023. It allowed them to conduct free cross-border payments in over 29 currencies across 150 countries and regions within the Revolut network.</p>

Revolut introduces ‘mobile wallets’ for international money transfers

<div>
 <p>UK-based neobank, Revolut, is temporarily suspending its cryptocurrency trading for UK business clients starting January 3, 2024. However, they can still hold and sell their current crypto assets. The temporary suspension aims to align with the UK regulator's new requirements. This echoes other crypto firms' actions to adhere to the Financial Conduct Authority's (FCA) new promotional regulations starting January 8, 2024. Previously, Revolut was approved to provide crypto services in the UK and had likewise suspended its US crypto operations due to regulatory uncertainties.</p>
</div>

Revolut to temporarily suspend crypto trading business in UK to comply with new regulations

DISRUPTOR_PRESENT

<div>
  <ul>
    <li><p>UK neobank Revolut has increased fees for its premium plans, the first adjustment since its UK launch five years ago.</p></li>
    <li><p>Premium and Metal customers now get subscriptions to lifestyle apps like Tinder, Deliveroo, and FT, previously only available to Ultra customers. This could save up to GBP 1,730 annually depending on the chosen subscriptions.</p></li>
    <li><p>Revolut Plus subscribers will see their monthly price increase from GBP 2.99 to GBP 3.99. Premium subscribers will face a GBP 1 hike, resulting in a new monthly fee of GBP 7.99, while Metal plan users will pay GBP 14.99 per month after a GBP 2 increase.</p></li>
  </ul>
</div>

All Updates

Revolut secures banking license in Mexico

Revolut introduces savings accounts to customers in Romania

Revolut launches ‘Flexible Accounts’ in Ireland

Revolut expands robo-advisory platform to EEA customers

Revolut expands robo-advisory platform to EEA customers

Revolut launches AI-based feature to protect customers from card scams

Revolut and Sabre partner to improve B2B payments for travel agencies

Revolut introduces ‘mobile wallets’ for international money transfers

Revolut to temporarily suspend crypto trading business in UK to comply with new regulations

Revolut announces fee increases and enhanced benefits for premium plans