Banking fintech app & payment card startup Revolut may soon open its doors in the Asian market, since the company has secured licenses to offer its services in Singapore and Japan. It may open its doors for the Asian community in Q1 2019, according to TechCrunch.
Revolut it’s a free-to-use digital payment platform, which includes a prepaid debit card, currency exchange, crypto exchange and p2p payments. It was founded in 2015 by Nikolay Storonsky and Vladyslav Yatsenko.
It states Revolut was granted a license by the Monetary Authority and a Stored Value Facility approval. With the help of these one’s, Revolut users will get a tool to hodl, send & spend funds.
However, it also highlights that not all features will be available in Singapore and Japan at launch. At first, the startup will offer only electronic wallet & payment card services. Thus, users won’t be able initially to buy bitcoin with credit card, register business accounts and many more.
Furthermore, Revolut considers to open its office in Singapore, though the date hasn’t been set yet.
Earlier, according ElDiario, Revolut had some “unfair hiring” issues. The company was forcing its job candidates to provide “at least 200 new signups to download the Revolut app, open an account, deposit ten Euros, and ask for a card that would come by mail a few days later.”
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