Revolut is working on its own acquiring product

Fast-growing fintech unicorn is building a new acquiring product from scratch

Revolut is working on its own acquiring product. Source: blog.revolut.com

According to a blog post by Revolut’s founder & CEO Nik Storonsky, the company is going to present its new acquiring technology. Reportedly, it will allow businesses to make both online and offline payments seamlessly in a matter of seconds.

“I’m going to save you the sales spiel and just give you my word that we are going to change the face of business banking forever. Our new acquiring technology, which will allow businesses to make both online and offline payments seamlessly, is just one way in which we are going to do it”, said Nik Storonsky.

Traditionally, acquiring has been dominated by the big players, with small businesses forced into creating a business bank account with a completely separate merchant account in order to accept payments – a time-consuming and costly process.

As Storonsky noted, Revolut is “transforming the way businesses manage their money through the power of technology and value”. Therefore, the startup is looking for bright minds to join its newly assembled Acquiring Team.

SEE ALSO: TOP-10 mobile-only banks