Revolut launches bank in Lithuania

The bank will enable Revolut’s Lithuanian customers to deposit their salaries and other funds in new deposit protected bank accounts. All customer deposits will be protected by the Lithuanian state company Deposit and Investment Insurance.

Through the Revolut app, existing customers can upgrade from e-money accounts to bank deposit accounts.

In addition, Revolut plans to offer consumer lending services in the coming months, including consumer loans and credit cards.

The challenger also expects to launch Revolut Junior accounts for children and young people aged 7-17, allowing young people to learn to manage their own budgets while giving parents control and oversight of their children’s spending.

the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright