Singapore – Global financial superapp Revolut has officially launched a first-of-its-kind, limited edition 24-karat gold-plated card for its users in Singapore.

Revolut’s new gold card underscores the company’s goal of continuously providing its users with a variety of eye-catching card designs that are not only innovative but also involve the customers in the creative process.

Made through a meticulous design process, the limited edition card is carefully crafted from a single sheet of reinforced steel that is plated in real 24-karat gold. Users who will have the opportunity to have the card must handle it with care and not combine it with sharp objects to avoid any scratches on its soft and real gold plating.

The gold card can be redeemed for free by the app’s top 100 spenders from December 1, 2023, to January 31, 2024. Another set of cards will also be given for free to the top 50 spenders in December 2023 and 50 in January 2024.

Revolut’s luxurious 24k gold card is the newest of its exclusive designs, following its current metal card offering that is available in lavender, rose gold, space grey, and black. The company is also offering personalised cards to customers on paid plans, where they can add emojis or freehand drawings to their cards.

Ashley Thomas, head of strategy and operations at Revolut Singapore, said, “We are always looking to provide our customers with card designs that are unique and reflect their personalities. Our users carry their Revolut card almost everywhere they go, across the world. Why not add some character and flair to each transaction they make? The 24-karat gold-plated card is made for those who are looking to add some luxury to their lives.”

Singapore – Global financial super app Revolut has onboarded two new animal welfare charities namely, Society for the Prevention of Cruelty to Animals (SPCA) and SOSD, to its in-app donations platform in Singapore.

To encourage Singapore customers to support SPCA and SOSD, Revolut Singapore will be enabling personalised cards for all customers, with S$2.00 going straight to the aforementioned charities.  

Through this initiative, Revolut Singapore customers can play a part in supporting these organizations while at the same time getting their very own personalised card which they can design to show their love for animals with emojis, sketches and / or names of their pets. Additionally, they can also go directly to the Donations platform in-app and make a donation to the charity of their choice.

Furthermore, Revolut Singapore is also holding a social media giveaway, where customers can upload a photo or story of their personalized card on Instagram with the hashtag #MyPawsomeRevolut and tag @revolutapp, @spcasingapore and @sosdsingapore. The five most creative designs will win prizes, including a 6 months free Metal membership from Revolut, and prizes from SPCA and SOSD.

Ashley Thomas, head of strategy & operations at Revolut Singapore, said, “We are thrilled to partner with SPCA and SOSD to support the vital work they are doing. At Revolut, we are always looking for ways to make a positive impact on society and this partnership allows us to do just that.”

“By ordering their very own personalised card, customers can play an important role in supporting these charities. They can also make additional donations through our in-app Donations platform, enabling them to give back to the community and support causes they care about in a simple and effective way,“ she added.

Meanwhile, Aarthi Sankar, executive director at SPCA, also commented, “The SPCA is very grateful for partners like Revolut who share our commitment to animal welfare. Companies like Revolut exemplify the essence of social consciousness by ingeniously crafting pathways that not only align with their goals but also rally more individuals to champion impactful causes. They bridge the gap between commerce and compassion, cultivating a community of individuals who are not only customers but also compassionate advocates.”

Lastly, Magdalene Eng, head of outreach and fundraising at SOSD, mentioned, “SOSD is delighted to announce our collaboration with Revolut. All proceeds from the donations will be dedicated to SOSD, ensuring that it benefits the dogs in need.  We are grateful for this collaboration and the chance to improve the lives of our street dogs.“ 

Singapore – In its recently released Bank and Payment Brand Rankings 2022, market research company YouGov unveiled that local banks DBS and POSB have snagged the top spot in Singapore. 

DBS led the list with a total score of 41.0, followed by POSB at 34.2 points. Digital payment company VISA came in third place with a score of 26.8 while Singaporean bank OCBC followed closely at 26.1.

Completing the top ten is Mastercard at 25 points, commercial bank UOB with 22.9 points, Paypal with 22.1 points, Citibank with 14.7 points, Standard Chartered Bank with 12.5, and American Express at 9.8 points. 

YouGov also revealed the most improved brands in the financial services sector, including Paypal and digital banking app Revolut, both with a +1.1 change in score. Other banks on the list are Mastercard and UOB, who had improved scores of +0.3 each.

The rankings are based on YouGov BrandIndex’s positive consideration score, which measures the percentage of a brand’s customers who would consider it when next in the market to make a purchase.

The brands were ranked between October 1, 2021, and September 30, 2022. Moreover, the scores were rounded to a single decimal place with additional precision to assign ranks.

Meanwhile, the improvers were determined by their change in score between the said period and the previous twelve months. 

YouGov has also previously released the overall brand rankings in Singapore, unveiling Singapore Airlines as the top brand for 2022.

Singapore – Global financial superapp Revolut has appointed Raymond Ng, chief commercial officer at Liquid Group, to be its new CEO for Singapore. This follows Revolut’s recent launch of its crypto products in Singapore.

In his new role, Ng will be focusing on leading and building the next chapter of Revolut’s expansion in Singapore, developing and implementing the local business strategy. 

During his previous stint at Liquid Group, Ng managed product and business development and global expansion. He also held senior executive roles with large global corporations such as Microsoft, Visa, and MasterCard, as well as with tech startups.

Revolut said it is committed to establishing Singapore as one of the cornerstones of its global business and plans to establish several global product hubs.

Commenting on his appointment, Ng said, “I’m thrilled to lead the exceptionally talented team and bring Revolut’s super app offering to Singapore as we continue to develop the best financial solutions for millions in Singapore, especially those who are looking for hassle-free digital alternatives to get more from their money.”

Meanwhile, Nik Storonsky, CEO and founder of Revolut, noted, “With a wealth of experience in the mobile, payment and travel tech sectors and an outstanding track record in scaling the business across new markets in the APAC region, Raymond is an excellent fit for the role and his appointment is a major achievement in our continued mission to become the world’s first truly global financial superapp.” 

In April 2022, Revolut has appointed Charles Debonneuil as APAC general manager as it continues to focus on growth in the APAC region. Debonneuil will focus on building out Revolut’s local Growth teams and developing the business’ growth strategy, driving rapid new user acquisition in the APAC region.

Singapore – Revolut, a global financial superapp, has appointed Charles Debonneuil as APAC general manager as it continues to focus on growth in the Asia-Pacific region. Debonneuil will focus on building out Revolut’s local Growth teams and developing the business’ growth strategy, driving rapid new user acquisition in the APAC region.

Debonneuil holds a Masters’ in Management from HEC Paris, during which he also studied at the Wharton School of Business in USA and Tsinghua University School of Economics and Management in China.Prior to joining Revolut‘s APAC team, Debonneuil was thepresident of Intrepid Group, a prominent e-commerce solutions provider for global clients, where he oversaw the growth of the company to over 300 workers across Asia.

Debonneuil is also a co-founder and former chief marketing officer of Lazada,thee-commerce platform in Southeast Asia that was acquired by Alibaba in 2016. He oversaw the growth of the business which today boasts approximately 160 million Monthly Active Users across 6 countries.

On his appointment, Debonneuil said, “I’m delighted to join the Revolut team. Revolut’s mission to build a global financial superapp is very exciting, and I’m looking forward to enabling more users in APAC to benefit from Revolut’s product, which is at the forefront of global fintech.”

Meanwhile, Ankit Khemka global general manager and head of marketing at Revolut, said, “We’re thrilled to welcome Charles to Revolut as we double down on our commitment in the APAC region. As we continue to deliver more of our core products to the region, Charles’ extensive expertise is a valuable addition in helping us scale our presence in the Asia-Pacific market and getting our global superapp into the hands of more customers.”

Mumbai, India – Global financial superapp Revolut has appointed Paroma Chatterjee, former chief business officer of online financing company Lendingkart, to be its new CEO for the India team, as it expands its market presence in the country this year.

Chatterjee is a renowned leader in the fintech and consumer tech industry. She has held senior executive roles for various companies including travel agency Via.com, e-commerce company Flipkart, and telecommunications enterprise Airtel Money. In her new role, Chatterjee will be responsible for building and leading Revolut’s subsidiary in India. She will also be defining and implementing the fintech’s business strategy, as well as hiring a team and managing license applications and any potential acquisitions in the market.

According to Revolut, the fintech is making a multi-million-pound investment in India over the next five years and has committed to the creation of around 300 new jobs in the country to serve its global business operations. Furthermore, it has also recruited heads of operations and legal for the country and is leveraging India’s strong talent pool to recruit across multiple functions such as human resources, finance, growth, marketing, recruitment, and compliance, as well as risk, and technology.

Commenting on her appointment, Chatterjee said, “It is an honor and a privilege to be asked to lead the business for such a world-class company, in a country that presents one of the largest opportunities globally for Revolut. I look forward to building an exceptionally talented team and working with them, as we continue to develop superlative financial solutions for millions of consumers in India.”

Meanwhile, Nik Storonsky, the CEO and founder of Revolut, commented that Paroma is an excellent fit for the role and her appointment is a major achievement in Revolut’s continued mission to become the world’s first truly global financial super app. 

“We’re looking forward to transforming the way people in India access and manage their money as we bring our products and services to more people around the world. India is a core market in our expansion strategy with a huge supply of talent, and we’re excited to tap into that talent pool to help Revolut go from strength to strength,” said Storonsky.

Singapore – The Singaporean arm of fintech platform Revolut now has a ‘donation’ feature which enables them to instantly round up their card payments and donate their spare change to charity. 

Through the new service, customers have the option to make a one-off donation or set up recurring contributions, which can be terminated at any time. Donations have no minimum amount. 

The new ‘donation’ feature will initially start off with three local-based charity groups: The Singapore Red Cross, The Singapore Cancer Society, and Club Rainbow (Singapore). Revolut said it will be adding more charities in the platform over the course of this year.

“Supporting social causes is both important to us as a business, and to many of our customers. Complicated sign up processes and scary commitments can put a lot of people off, so we wanted to build a feature that would enable our customers to support good causes in a seamless and secure way,” said James Shanahan, CEO of Revolut Singapore

Revolut has been recently ramping up its new features for the platform, including sending e-hongbaos for the upcoming Chinese New Year, the enabling of bank top-ups and the launch of its web app.

Singapore – In response to encouragement from the Monetary Agency of Singapore to give electronic hongbaos instead of physical ones in the upcoming Chinese New Year celebration, financial app Revolut  has now enabled the sending of e-hongbaos using its Gifting feature.

The handing of Hongbaos is a tradition in several East and Southeast Asian countries which are red envelopes containing cash, given out as a token of good fortune in occasions such as baptisms, weddings, birthdays and festivals. 

Under Revolut’s new e-hongbao feature, users can send in 28 currencies, including Australian dollars (AUD), Hong Kong dollars (HKD), United States dollars (USD) and the British pound sterling (GBP). The e-hongbaos will also feature special designs provided in the Gifting platform.

“With the Monetary Authority of Singapore encouraging people to give e-hongbaos instead of physical ones for Chinese New Year, it has become a necessity to make it easy for everyone to give hongbaos in a safe, frictionless and fun way, said James Shanahan, CEO of Revolut Singapore.  

“Revolut has expanded beyond our origins as a multi-currency travel card. Our foreign exchange (FX) feature can be used for remittance, gifting, and online shopping, where customers will always be assured they are getting the best exchange rates,” added Shanahan.

The e-hongbao feature on Revolut SG will be available on February, the month for the Chinese New Year.

Singapore – UK-based fintech company Revolut in Singapore has recently announced the launch of two features in their platform: the Revolut Web App and Revolut account top-up via bank transfer.

Revolut’s latest web app, accessible in laptop and desktop computers.

The first one, Revolut Web App, now allows users to log in to their Revolut account via their desktops or laptops. Users signing in through the web app are protected by Two-Factor authentication (2FA), and can also overview transactions, freeze or unfreeze cards, block their PIN, and top up their account via bank transfer, debit or credit card, or via Apple Pay.

Commenting on the new launch, Revolut CEO and founder Nik Storonsky said, ““Account access through a browser is highly requested by our customers, so we’re delighted to have built a safe and convenient web app that everyone can use when they need it. Our customers can now access their money anywhere and at any time, even if they don’t have their phone or card, or if they simply prefer checking their account from a computer. It’s great to have the extra convenience and flexibility of an online option.”

A user interface depiction of Revolut’s mobile app dashboard, featuring topping up the account via bank transfers, such as DBS Bank in Singapore.

Meanwhile, Revolut has also partnered with DBS Bank in Singapore in enabling its customers to top up their wallets via bank transfers. With the new partnership, Revolut is able to assign a unique 15-digit virtual account number to each customer in Singapore, in which the customer transfers money to their virtual account from their bank, and the amount is reflected in their Revolut app.

James Shanahan, CEO of Revolut Singapore, said, “The goal here is to enable customers to manage their money in a way they find most convenient for their lifestyles. With virtual accounts, Revolut Singapore is able to collect payments from a large number of customers and still easily keep track of their transfers. This process will give our customers peace of mind, thereby improving overall user experience.”

Head of Growth at Revolut Singapore Pam Chuang also commented, “Topping up via your local bank account is fast and convenient. With the virtual account feature, Revolut is, once more, able to help our customers better manage their money. When we introduce new wealth and money-management products, this will give our customers visibility of how they are using their money.”