Digital bank Revolut announced on Wednesday the launch of its new financial app version. According to Revolut, the new version is the latest step in the fintech’s journey to becoming a financial super app.
Revolut further explained that the app’s redesign has focused on creating one app from which customers can manage all their finances. The new experience is also claimed to be more intuitive, with a new structure that streamlines customers’ daily essential financial needs into two main sections, which are Home and Wealth. The new Wealth section brings together Stocks, Crypto, Commodities, and Vaults to help customers save, invest, and manage their money. The Rewards feature provides customers with a curated selection of cashback offers and discounts from top brands to help give their balance a boost.
“While Revolut originally started out to make travelling abroad 10x more convenient and affordable for everyone, the fast-growing fintech has been rapidly expanding it’s offering and is now strategically investing in products and experiences that bring even greater value to over 12 million customers, everyday.”
Revolut added that over the next few months it will roll out exciting new products across several markets to help customers get more from their money, including more personalization and products to help customers manage their subscriptions. In the meantime, customers can update their Revolut app to the latest version now to start exploring.
The latest mobile app version comes less than two months after Revolut announced plans to move non-UK customers in Central and Eastern Europe in its newly licensed Lithuanian entity before the end of the Brexit transition period in December 2020. Revolut stated at the time that it has the right to transfer its legal relationship from its UK company to its European company under its terms and conditions.
“We will only transfer any of your and our rights or obligations under the agreement, if we reasonably think that this won’t have a significant negative effect on your rights under these terms and conditions, or if we need to do so to keep any legal or regulatory requirements. If you are unhappy about being transferred for whatever reason, you can close your account for free in the app (but we hope this won’t be the case!).”