Revolut to launch first US cards with Mastercard in new deal
Revolut to launch in the US by the end of the year. Source: facebook.com
Mastercard and Revolut announced a partnership to launch Revolut cards in the US by the end of the year.
Together Mastercard and Revolut have worked across Europe providing digital financial services to consumers, from day-to-day money management to market-leading foreign exchange solutions. The new announcement confirms the two businesses will partner on a minimum of 50% of all existing and future cards Revolut issue in Europe.
Beyond Europe, the agreement will also enable Revolut to meet its global reach ambitions. Primary to these ambitions is to offer financial services to consumers in the US, and by the end of the year, the brands will launch Revolut’s first solutions in the US market. The global expansion will also enable Revolut to reach markets in the Asia Pacific and Latin America such as Australia, Singapore, Japan, New Zealand, Brazil, and Mexico.
The partnership will also see Revolut onboard some of Mastercard’s latest technology within its product and solutions, to begin with, it will leverage Mastercard’s Send platform.
