Revolut Business, part of the portfolio of offerings by digital bank Revolut, says it has integrated account-to-account, online, and in-person payments in Australia.
In the last 12 months, Revolut Business reports a 235% increase in monthly transaction volumes in Australia.
Calling the service a first for the Australian market, the launch follows a survey by Revolut that indicated 83% of Australian business owners see finance and administrative work as the most time-consuming area of business operations. By using Revolut’s service, businesses will be able to manage payments from a single platform.
Revolut Business’s merchant services aim to support both SMEs and large enterprises. Users can accept all types of online payments, including Apple Pay and Google Pay, via API, payment links, and invoices.