3min chapter

Tearsheet Podcast: Exploring Financial Services Together cover image

Power of Payments Ep 10: Digital payments and overspending, Revolut Reader, mobile wallets, and more

Tearsheet Podcast: Exploring Financial Services Together

CHAPTER

The Mobile Card Reader Market Is Growing Fast

Revolute was initially launched to facilitate foreign exchange transactions back in 20 15. The firm now caters to a global customer base of over 18 million consumers and more than half a million businesses, making over five million transactions every day. Revolute has yet to be granted a banking license, even though it submitted an application for that at the beginning of last year. But the firm's founder and ceo, nick teronsky recently said that he's optimistic that uk. Regulators would greenlight the full banking license as soon as possible.

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