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Revolut leaves the Canadian market

Wednesday 17 March 2021 13:20 CET | News

Revolut has announced pulling out of Canada, more than a year and a half after launching a beta version of its offering locally.

According to the email sent to Revolut users, account top-ups will no longer be available as of March 29; physical card ordering will no longer be available as of April 12; and account access will no longer be available as of May 15, 2021. The company stated that if customers are not able to use their remaining balance before this date, Revolut will reimburse them in full.

Revolut has been working to launch a full-fledged Canadian service since 2019. In November of that year, the company began providing early access to accounts for Canadian users ahead of an official launch within the country. However, that launch never came to fruition outside of the beta offering.


Source: Link


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Keywords: digital payments, digital banking
Categories: Banking & Fintech
Companies:
Countries: Canada
This article is part of category

Banking & Fintech