Fintech start-up Revolut is expanding to Japan. After checking the service with 10,000 users, anyone can now sign up and open an account. The company originally obtained its permission to operate from Japan’s Financing Service Firm in 2018.
You get an electronic wallet and a Visa debit card when you open an account. You can top up your account and spend cash with your card, a virtual card, Apple Pay, Google Pay, and so on . Revolut sends you immediate notifications and lets you freeze and thaw your card from the app.
You can likewise send money to other Revolut users or a savings account. Like in other countries, Revolut lets you exchange money in the app and send out cash in other currencies. Many users have actually made the most of the service to take a trip and pay less in forex fees.
Users in Japan will also be able to produce vaults and put some cash aside by assembling deals and creating recurring transactions. Which’s about it in the meantime.
The business has already launched premium strategies in Japan, but it doesn’t provide you a lot of benefits aside from lower fees on forex, different card styles, better support and the ability to purchase airport lounge access with LoungeKey Pass.
Unlike in the U.K. and Europe, you won’t have the ability to buy cryptocurrencies, trade stocks, buy insurance items, develop Revolut Junior accounts for your children, etc. Revolut is actually trying to construct an incredibly app in its home country and has massively expanded its function set for many years.
The company assures that some functions, such as cryptocurrency and stock trading, will be readily available globally. There’s no release date simply. So let’s see how the product evolves in the coming months.
Revolut is presently readily available in the U.K., Europe, the U.S., Singapore and Australia. It presently has 13 million clients.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.