aA
Revolut, the global financial platform with more than 15 million customers worldwide, has operationalised its Lithuania based European specialised banking licence in 10 European markets.
Revolut
Revolut
© Shutterstock

Customers in Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia and Slovenia who upgrade to Revolut Bank for additional services will now have their deposits protected under the deposit guarantee scheme.

Customers in aforementioned countries are now able to upgrade to Revolut Bank for additional services from within the app.

“Launching the bank in ten new European markets will provide a greater level of security and confidence for our customers, and will enable us to launch a host of new products and services in the near future”, said Virgilijus Mirkės, Chief Executive Officer of Revolut Bank.

"The added value and importance of the digital economy is constantly growing. Revolut Bank is a great example of this process. We are glad to see that the members of our association offer modern financial solutions to more and more customers”, says Dr. Eivilė Čipkutė, President of the Lithuanian Banking Association.

To date, Revolut Group has raised almost $1 billion in investment and was most recently valued at $5.5 billion. In just five years, Revolut has attracted more than 15 million customers around the world.

Last year, Revolut also launched its specialised bank in Poland and Lithuania and started offering credit products in both countries. The specialised bank licence allows Revolut Bank to provide limited banking services via Revolut app along with an array of financial services and products offered by other Revolut Group companies.

DELFI EN
It is forbidden to copy the text of this publication without a written permission from DELFI.

Adviser: state could compensate up to 150 kWh of electricity

As the state is set to pay new subsidies for electricity in Lithuania from next year, a consumption...

Prices for total industrial production sold up by 29.7% in July

In July 2022, against June, prices for the total industrial production sold decreased by 0.8%, and...

Watchdog: Perlas Energija might get unjustified revenue

Lithuania's National Energy Regulatory Council (VERT) on Wednesday turned to the country's Prosecutor...

Tax-exempt amount of income should be raised by at least EUR 100 next year

Adviser to the president on economic and social policy Vaidas Augustinavičius suggests that the...

Minister of Foreign Affairs: expansion of export markets increases Lithuania’s resilience to geopolitical challenges

There are reasons to be optimistic about Lithuania’s trade data for the first half of 2022. The...

Top news

NATO eFP Commander Lt Col Maulbecker: we will deter, and if necessary, we will defend territory of Lithuania

On 10 August, a handover-takeover of the NATO enhanced Forward Presence mission ceremony took place at...

Minister of Foreign Affairs: expansion of export markets increases Lithuania’s resilience to geopolitical challenges

There are reasons to be optimistic about Lithuania’s trade data for the first half of 2022. The...

Adviser: state could compensate up to 150 kWh of electricity

As the state is set to pay new subsidies for electricity in Lithuania from next year, a consumption...

Democrats For Lithuania nominate Savickas in Vilnius mayoral race

A general meeting of Vilnius branch of Democrats For Lithuania has approved MP Lukas Savickas as the...

Former chief epidemiologist suspected of document forgery

It has transpired that the Special Investigation Service (STT) made allegations of document forgery...