Revolut will facilitate payments through Stripe’s existing infrastructure. The UK-based company could use the platform in more regions in future as it looks to expand in markets including Latin America, India, and the Philippines.
Both Stripe and Revolut have grown from startups to extensive fintech operations in a bid to challenge established banks and payment providers. US-based Stripe, whose software is used by businesses to send and receive payments, has recently partnered with international transfer company Wise and Buy Now, Pay Later provider Klarna.
Revolut currently offers payment services to retail and business users in about 30 currencies. In June 2022, the company teamed up with open banking platform Tink to let users incorporate their bank accounts into the app.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.