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.

President critical of preparations for EUR 2.2b EU support

Lithuanian President Gitanas Nauseda is critical of preparations in the country to qualify for EU...

Jurkonis. Everything you think you knew about politics is wrong: using political capital for good

We can’t escape the word politics, but do we really understand its various meanings?

Shopping centers to reopen, excluding weekends

The Lithuanian government made a decision on Thursday to allow all stores at shopping centers to...

Shops allowed in malls to open on weekdays

The Lithuanian government decided in principle on Wednesday to allow all shops located in malls to...

Skuodis: Rail Baltica should have a direct access to Vilnius and Kaunas airports

Minister of Transport and Communications Marius Skuodis initiates discussions on the connection of the...

Top news

Eight candidates apply for Lithuania's EU General Court position

Eight candidates have submitted their applications to represent Lithuania at the European Union's...

Turkish intern plans to settle down in Vilnius after graduation

Mihriban Usta from Turkey’s Black Sea city of Trabzon bubbles with enthusiasm, despite the pandemic...

President critical of preparations for EUR 2.2b EU support

Lithuanian President Gitanas Nauseda is critical of preparations in the country to qualify for EU...

5th of population has received at least one vaccine doze

Almost a fifth of Lithuania's population has received at least one doze of a coronavirus vaccine,...

Simonytė on church services: we must try not to worsen situation

Lithuanian Prime Minister Ingrida Simonyte on Friday thanked the Catholic Church for helping to bring...