Revolut taps Stripe to support payments in Europe

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.