– Revolut Lite, a streamlined version of the Revolut app, is now available in Armenia, Macao and Moldova
– Revolut is one of the few apps in the world to make possible to send and receive money instantly and for free in 42 countries across four continents
– During the first three months of 2023, around 85 million peer-to-peer transactions have been made between Revolut customers at zero fees
There is no fee to send and receive money between Revolut customers*. The 1% fee on Lite App transfers to non-Revolut bank accounts and the 3% on cards, will be waived till 30th August, 2023 on occasion of the launch.
Revolut, the global financial super app with more than 30 million customers worldwide, has announced that Revolut Lite – a streamlined version of the Revolut app which can be used to send and receive money – is now available in Armenia, Macao and Moldova enabling consumers in these territories to access fast, free and secure money transfers.
Customers in Armenia, Macao and Moldova will now be able to transfer money to other Revolut Lite countries like Chile, Azerbaijan and Sri Lanka and other countries where Revolut is live with its full product offerings – UK, EEA, US, Japan, Singapore, Australia, Brazil and soon India, New Zealand and Mexico.
Sending money between Revolut customers is secure, quick and involves no fees*, making Revolut one of the first companies to make it possible to send and receive money instantly in 42 countries across four continents. Within the first three months of 2023, Revolut customers made around 85 million peer-to-peer transactions to send money to friends & family through the app, saving millions of GBP/EUR/etc in fees they would have spent should they have chosen traditional transfer methods.
Besides sending money through the fee-free peer-to-peer feature, customers will also be able to use Revolut’s global money transfer infrastructure, to send and receive money to and from non-Revolut bank accounts and cards at a transfer fee of 1% and 3% respectively, subject to a minimum fee of USD 1. Any transfer fee will be displayed in the app before a customer taps the button and a competitive exchange rate is offered for international transfers. On occasion of the launch, the 1% and 3% fee on Lite App transfers to non-Revolut bank accounts and cards will be waived off till 30th August, 2023 and customers will be able to experience a free welcome into Revolut Lite.
Perfect for expats and international students, Revolut will enable customers in new Lite countries to make competitive and secure international transfers in 25+ currencies, more quickly and easily than traditional finance companies. People living in the six countries where Revolut Lite is available can download the app and sign-up to access the streamlined version. Money can be sent across the globe in a flash, with the majority of transfers happening within one working day.
Vlad Yatsenko, Chief Technology Officer, commented: “We’re delighted to launch the Revolut app in additional three countries, as we continue to expand access to Revolut’s fast, secure, and easy money transfers around the world. Revolut is redefining how to send and receive money by simplifying the process of international transfers, offering competitive fees and always providing competitive exchange rate.”
“Traditional transfers can sting customers with hidden fees, but we’re waiving all our transfer fees if you’re both on Revolut – no matter where you are. Additionally, we’re always offering a competitive exchange rate – something we’re extremely proud of.”
With the aim of launching in more countries over 2023, and additional features to be added soon, Revolut superapp wants to help people get more from their money. Revolut is changing the way the world sends and receives money, by connecting people seamlessly across the world with financial services that are fast, convenient, secure and competitively-priced.
To start using Revolut, it is necessary to download the app from either Google Play Store or the Apple App Store and sign up, following the instructions. Customers will be asked to verify their identity using a valid ID document. Once the account is created, it is possible to send money easily from the ‘Payments’ section.
**FX fair-usage, and weekend fees apply for full-app users, and will apply for lite-app users after 30th August
ABOUT REVOLUT
We are building the world’s first truly global financial superapp. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, 30+ million customers around the world use dozens of Revolut’s innovative products to make more than 400+ million transactions a month.
Across our personal and business accounts, we help customers improve their financial health, give them more control, and connect people seamlessly across the world.
