Almost a year ago to access the ATM “difficult”



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Revolut was launched in July 2015 as a digital alternative to large banks. Through this service it is possible to have a physical or virtual card. Stand out by the fact that this service does not charge commissions for payment transactions, national or international transfers and exchange rates.

Revolut electronic payments company CEO and co-founder Nikolay Storonsky recently said that the company continues to work with SIBS to access the Multibanco network. But it’s difficult…

Revolut: Almost a year ago to access the

Revolut is the number one fintech in Portugal

The head of Revolut said recently that he has been talking with SIBS for almost a year to access the "difficult" ATM. In an interview with Lusa by telematic means, when asked about access to the national interbank network, Nikolay Storonsky said that ...

Yes, it is very difficult to access the local payment network. [Multibanco, da SIBS]. We continue working to access it. The talks have been going on for almost a year.

Even without access to the local network, we are 'fintech' [empresa tecnológica financeira] number one in Portugal and we have more than 600 thousand clients there, which is [um número] pretty big

Revolut, which has a work center in Matosinhos, in the Porto district, "continues to hire as the business grows," the director of the company told Lusa.

Revolut: Almost a year ago to access the

Asked about the prospects for this year after losses of 118.2 million euros in 2019, the businessman was optimistic, even in a year marked by the COVID-19 pandemic.

The executive also criticized the perception that fintech companies are not regulated, since in his understanding "they know that they have to obey the same rules as banks" from the moment they have the licenses. Nikolay Storonsky further stated that in 2021 "it is entirely possible" that Revolut could allow its clients to "withdraw cryptocurrency from their accounts."



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