Revolut, a UK-based digital banking alternative launched in 2015 announced that is now issuing Visa cards to all new customers signing up to its standard prepaid offering. The company has recently made the news by launching a cryptocurrency exchange.
In the context of the Olympic Winter Games PyeongChang 2018, Visa and Revolut have provided contactless Revolut Visa prepaid cards to all 59 Team GB athletes traveling to PyeongChang as well as the wider Team GB delegation accompanying them. Visa is facilitating and managing the entire payment system infrastructure and network throughout all venues within the Games. This includes more than 1,000 contactless point-of-sale terminals capable of accepting mobile and wearable payments.
The Visa card by Revolut allows athletes and staff to complete seamless and secure payments with a simple tap at any contactless-enabled terminal in South Korea and across all the Games venues free of foreign exchange fees.
Suzy Brown, Marketing Director UK & Ireland at Visa, commented: “Our exciting relationship with Revolut comes at a time when Visa is making great strides in delivering the next wave of payments innovations for consumers and businesses. It is appropriate then that we have been able to use this partnership to put a Revolut Visa card in the hands of every Team GB athlete and staff member. Visa is accepted in over 46 million merchant locations* worldwide, so the team’s Revolut Visa cards will allow them to make purchases both conveniently and securely when they are in PyeongChang, giving them one less thing to worry about as they aim to do the country proud.”
Revolut has grown its business since its launch in 2015 and has expanded across the globe, now serving over one million customers in 30 European countries. In September 2017, Revolut landed in the USA and Asia.
Nikolay Storonsky, Founder and CEO of Revolut, said: “We’re extremely proud to partner with Visa, not least because we share a common goal to use our innovation and technology capabilities to provide a seamless experience for our customers and clients. What’s more, with over a million people already signed up to Revolut, we’re very excited that more cardholders will benefit from the control and flexibility we provide.”
Snowboarder and Team Visa athlete Billy Morgan said: “While I’m in PyeongChang, my focus will be on performing to the best of my ability. With my Revolut Visa prepaid card, I’ll be able to tap to pay with confidence in South Korea without having to worry about paying fees or exchanging currency.”
“As a professional athlete, I am constantly traveling around the world and it’s easy to take for granted some of the things I have at home. At least while I am in South Korea I can rest assured that I’ll be able to tap to pay with confidence with my Revolut Visa prepaid card, just as I would do when I’m in the UK, added short-track speed-skater and Team Visa athlete Elise Christie.