Revolut Partners With Mastercard as it Prepares to Compete with American Banks

Revolut Partners With Mastercard as it Prepares to Compete with American Banks

4 years ago
Anonymous $xdcOWPpsb_

https://wccftech.com/revolut-partners-with-mastercard-as-it-prepares-to-compete-with-american-banks/

Revolut, the British fintech firm that offers digital banking services, has announced a partnership with Mastercard (NYSE:MA) to facilitate the firm’s U.S. market debut expected by the end of this year. According to the terms of the partnership, all of Revolut’s debit cards issued in the U.S. during the initial phase along with at least 50 percent of the fintech’s European cards will bear the Mastercard branding.

According to CNBC, Revolut’s CEO Nikolay Storonsky said in a phone interview that Mastercard became the fintech’s first choice due to that company’s “great tech and great infrastructure.”