Latest news with #RevPoints
Finextra
15-05-2025
- Business
- Finextra
What to get for the friend who has everything? A Revolut subscription plan!
Revolut is bidding to bolster its paid-for customer base by introducing the ability for users to gift premium annual plans to their friends and family. 0 The new feature will enable its 11 million customers in the UK to gift an annual paid plan - Plus, Premium, Metal and Ultra - to anyone in their Revolut contacts in just a few taps in the app. As demand for value-driven subscriptions increases, Revolut's paid plan subscriptions in the UK have risen by 26% YoY in 2024 as consumers seek to enhance both their finances and their lifestyles. Revolut's plans cover a range of consumer types, from high-earning cosmopolitans to globe-trotting shoppers and savvy spenders. Tara Massoudi, head of premium products at Revolut, says: 'We're always looking for new ways to help our customers connect and share value with the people who matter most to them. With the ability to gift a plan directly through the app, we're turning everyday money management into a thoughtful, personal experience - whether it's for a birthday, a thank-you, or just a spontaneous surprise.' In addition to the possibility to gift Revolut plans, Revolut customers can also buy gift cards for particular brands and share the code with them. Gift cards can be purchased with a few taps and paid using RevPoints, that can be earned while spending with Revolut.
Extra.ie
13-05-2025
- Business
- Extra.ie
Revolut's new feature is a major game changer for Irish users
This could be a real game-changer for Irish Revolut users! Revolut have this week announced that they are adding RevPoints rewards to their credit card offering, meaning customers can earn airline miles, gift cards, and even discounted hotel stays. The RevPoints loyalty programme for debit cards launched in Ireland last June, allowing customers to earn points on most of their transactions. This could be a real game-changer for Irish Revolut users! Pic: Revolut Now, credit card users are set to benefit even more. 'As a business, we looked at our success with RevPoints, recognising how much value it was providing to our customers across Ireland, and saw the opportunity to give them even more ways to receive tangible rewards for their spending,' said Rob Mooney, head of lending for Revolut in Ireland. 'The response we're seeing from customers and the growth in new sales we're recording both highlight how much this is a credit card without compromise when it comes to value or features — and one that now rewards you handsomely for using it.' Revolut have this week announced that they are adding RevPoints rewards to their credit card offering, meaning customers can earn airline miles, gift cards, and even discounted hotel stays. Pic: Revolut The amount of points earned depends on the Revolut plan you're on, but all paid plan users will receive a greater earn rate of up to 2x versus their debit card counterparts. For debit card users, Standard plan customers earn one point per €10 spent, rising to 1.5 points per €10 spent for Plus customers, 1.5 points per €4 spent for Premium customers, one point per €1 spent for Metal customers, and 1.5 points per €1 spent for Ultra customers. For credit card customers, the rates are one point per €10 spent for Standard and Plus customers, one point per €4 spent for Premium users, one point per €2 for Metal customers, and one point per €1 for Ultra customers. Customers on Revolut's Ultra plan spending €2,500 a month could earn 10,000 RevPoints in less than three months, that's enough for up to €200 off hotels via Stays, up to €200 in eSIM data, or enough for a flight from Dublin to London if using Avios airline miles. Revolut credit card sales increased 87% last year, and the company claims to be the number one lender for new credit card sales in Ireland.
Business Times
24-04-2025
- Business
- Business Times
Revolut Singapore in the black, targets South-east Asia
[SINGAPORE] Neobank Revolut announced that its Singapore operations turned profitable, amid a continuing streak in the black for the wider company in its annual report released on Thursday (Apr 24). Its earnings grew to S$1.4 billion for FY2024 ended Dec 31, up from S$587.9 million in FY2023. Interest income rose 58 per cent from S$853.9 million in FY2023 to S$1.4 billion in FY2024. This was driven by revenue growth of 72 per cent from S$3.1 billion in FY2023 to S$5.3 billion in FY2024. An expanding customer base and increased product utilisation fuelled revenue growth. 'We not only accelerated our customer growth, welcoming nearly 15 million new users globally, but critically, we also saw customers engaging more deeply by adopting a wider range of our services across both our retail offering and Revolut Business,' said Nik Storonsky, chief executive of Revolut. In Singapore, Revolut hit its first year of profitability, with a net profit margin of 15 per cent. This was lower than the group profit margin of 26 per cent; however, Revolut Singapore does not have a banking licence – unlike Revolut in the UK and Mexico. Currently, 55 per cent of Revolut Singapore's customer base is made up of customers aged 18 to 34. The fintech also increased its headcount here by 50 per cent. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Expansion plans After Singapore, Revolut is setting its sights on the region, with Raymond Ng, CEO of the Singapore and South-east Asia business, leading the charge. It is looking to expand in 10 other markets, and is in the process of securing the requisite licences. Some of these markets are in South-east Asia. Rather than landing in a new market in the region as a fintech, Revolut will be looking to enter new markets as a bank, leveraging on its banking licence in the UK. For markets such as Indonesia, where the regulator OJK said it will not issue new banking licences, Revolut might have to look to acquire an existing bank to enter the market. Currently, Revolut is in 'conversations' with regulators across the region, said Ng. 'We will find ways to enter the market,' he told The Business Times. Closer to home, Ng will be focused on growing Revolut Business, which launched in July 2024. More features such as an interest-bearing account and becoming a merchant acquirer to facilitate payments for Revolut's business customers in Singapore are on the cards. It aims to facilitate online payments first, before moving on to physical in-store payments for these customers. On the retail front, Ng is looking to bring offerings that Revolut has in the UK to Singapore. This includes a higher-tier subscription plan called Ultra, which has perks such as access to airport lounges, travel insurance and eSIMs. Ng is also looking to bring RevPoints, Revolut's loyalty programme in the UK, to Singapore customers as well. 'While we do not comment on ongoing licence applications, we remain focused on offering our innovative products to customers in markets that are forward-looking and show significant potential for digital financial services,' said Ng.
Mid East Info
12-03-2025
- Business
- Mid East Info
WIZZ AIR TRANSITIONS TO CASHLESS ONBOARD PAYMENTS - Middle East Business News and Information
Passengers will enjoy hassle-free service and quick purchases on board. Abu Dhabi, UAE: Wizz Air, EMEA's most environmentally sustainable airline[1], is excited to announce a significant upgrade to its onboard services by transitioning to a cashless payment system. Starting April 1st, 2025, all onboard purchases will be processed exclusively through card payments, including contactless methods such as Apple Pay, Samsung Pay, Android Pay, and Google Pay. Wizz Air is proud to expand its payment options by now accepting Revolut cards, in addition to VISA and Mastercard, both credit and debit. This enhancement aims to provide passengers with greater convenience and a seamless travel experience. As part of Wizz Air's partnership with Revolut, all new Revolut users will be able to earn up to €25 back after they sign up and spend their first €5 with Revolut[2]. Revolut Pay customers are also able to earn RevPoints – Revolut's loyalty programme – and redeem on Revolut Pay purchases or Wizz Air flights[3]. Until 4 April 2025, customers who pay for Wizz Air flights using Revolut Pay can earn 10x more RevPoints on their purchases (T&Cs apply). With cashless payments, Wizz Air passengers will be able to easily make purchases without the need to carry cash, simplifying and speeding up the on-board service process. This fast and convenient system ensures a hassle-free shopping experience, allowing travelers to enjoy their journey without the worry of dealing with change or last-minute currency exchange queues. The shift to cashless transactions also naturally enhances hygiene, as crew members no longer need to handle cash, contributing to a cleaner and safer travel environment. Moreover, passengers can purchase a prepaid voucher via Wizz Air mobile app for an enhanced onboard experience, guaranteeing absolute safety in transactions and eliminating any chance of unexpected transactional complications. In line with this transition, the following guidelines will be implemented: The maximum combined amount allowed for onboard purchases per customer will be €150. For transactions of €50 or more, a boarding pass will be required. Michael Delehant, Senior Chief Commercial and Operations Officer at Wizz Air highlighted, 'Implementing cashless payments not only streamlines our operations but also allows our crew to focus more on delivering exceptional service rather than managing cash transactions. This ultimately leads to a more efficient and enjoyable experience for our passengers.' Wizz Air remains committed to providing exceptional service and ensuring a hassle-free travel experience for all passengers.
Daily Tribune
12-03-2025
- Business
- Daily Tribune
Wizz Air Introduces Cashless Payments for Onboard Services
Wizz Air, recognized as the most environmentally sustainable airline in the EMEA region, has announced a major shift in its onboard services by adopting a fully cashless payment system. Effective April 1, 2025, all in-flight purchases will only be accepted through card payments, including contactless options such as Apple Pay, Samsung Pay, Android Pay, and Google Pay. As part of this transition, Wizz Air has expanded its payment methods to include Revolut cards, alongside VISA and Mastercard, both credit and debit. This upgrade aims to enhance passenger convenience and streamline the overall travel experience. In collaboration with Revolut, new users signing up for Revolut will have the opportunity to earn up to €25 cashback after spending their first €5. Additionally, Revolut Pay customers can accumulate RevPoints, Revolut's loyalty program, which can be redeemed on purchases made via Revolut Pay or Wizz Air flights. Until April 4, 2025, passengers using Revolut Pay for Wizz Air bookings will earn ten times the usual RevPoints, subject to applicable terms and conditions. By eliminating cash transactions, Wizz Air aims to simplify and speed up onboard services, ensuring a hassle-free shopping experience for travelers. The move is also expected to enhance hygiene standards by reducing physical cash handling among crew members, contributing to a cleaner and safer travel environment. Passengers can further ensure smooth transactions by purchasing prepaid vouchers through the Wizz Air mobile app, offering added security and eliminating potential payment complications. To support this transition, the airline has implemented key guidelines: A maximum spending limit of €150 per passenger for onboard purchases. Transactions exceeding €50 will require a boarding pass for verification. Michael Delehant, Senior Chief Commercial and Operations Officer at Wizz Air, emphasized the benefits of the cashless system, stating, "Implementing cashless payments not only streamlines our operations but also allows our crew to focus more on delivering exceptional service rather than managing cash transactions. This ultimately leads to a more efficient and enjoyable experience for our passengers." Wizz Air remains committed to enhancing passenger convenience and ensuring a seamless travel experience through continuous innovation and service improvements.
