Challenger bank Revolut has today increased its offering by launching Google Pay for its customers based in several countries across Europe.
Google Pay is now available for Revolut customers in Austria, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, the Netherlands, Portugal and Romania. The aim is to enable customers to use their money in the way that they want to.
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James Carpenter, product owner for card payments at Revolut, said: “Our 13 million global customers are fast moving away from cash in the majority of the markets we operate in, and this has accelerated since the start of the year, so launching Google Pay in these 10 new markets is a very positive step forward in enabling our customers to safely use their money in the way that they want to.
“Our ultimate goal is to build the world’s first truly global financial superapp, and giving our customers tools such as Google Pay in order to make payments quickly, conveniently and securely is vital to achieving this.”
From today, Revolut customers with Android phones will be able to set up Google Pay within the ‘Cards’ section of the Revolut app.
Customers will be able to use the mobile wallet to pay online and contactless in stores. In addition, Google Pay does not share customers’ actual card number with vendors in shops online to ensure their information stays secure.
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By GlobalDataRevolut expansion
Since launching in 2015, Revolut has expanded into different markets and added new features such as cryptocurrencies and business accounts.
Most recently, the challenger has set its sights on the US banking market and plans to apply for a licence in the US in the coming weeks.
The fintech firm will apply for a state banking charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions, CNBC reported. Revolut intends to become a regulated bank in the country.
Even though its bank charter will be with California, it will be able to operate nationwide through interstate agreements.
