Revolut: Difference between revisions
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'''{{Wplink|Revolut}}''' offers free and subscription-based digital banking services.<ref>{{Cite news |title=What is Revolut? |publisher=BBC |first=Mary-Ann |last=Russon |url=https://www.bbc.com/news/business-47768661 |date=1 April 2019}}</ref> Launched in 2015 with over 70 million customers stated as of 2026<ref>{{cite web |title=2025 Annual Report |publisher=Revolut Group Holdings Ltd |url=https://assets.revolut.com/pdf/annualreport2025.pdf}}</ref>, its services include bank accounts, debit cards, credit cards, currency exchange, stock trading, cryptocurrency exchange and peer to peer payments. | '''{{Wplink|Revolut}}''' offers free and subscription-based digital banking services.<ref name=":0">{{Cite news |title=What is Revolut? |publisher=BBC |first=Mary-Ann |last=Russon |url=https://www.bbc.com/news/business-47768661 |date=1 April 2019}}</ref> Launched in 2015 with over 70 million customers stated as of 2026<ref>{{cite web |title=2025 Annual Report |publisher=Revolut Group Holdings Ltd |url=https://assets.revolut.com/pdf/annualreport2025.pdf}}</ref>, its services include bank accounts, debit cards, credit cards, currency exchange, stock trading, cryptocurrency exchange and peer to peer payments. | ||
==Consumer-impact summary== | ==Consumer-impact summary== | ||
*User Freedom: The mobile app is effectively mandatory for login.{{Citation needed}} Furthermore the website is considered "severely limited".<ref>{{Cite web |title=GrapheneOS Forums |url=https://discuss.grapheneos.org/d/17714-revolut-mobile-finance-not-supported-on-devices-with-custom-firmware-problem/9}}</ref> | |||
*User Privacy: Setting up an account requirements include phone number, an email, full legal name, home address, aircode, id and microphone permissions without disclosure as to why. | |||
*Business Model: Revolut offers subscriptions plans for benefits including cash back, access to crypto-currencies, travel and concierge service.<ref name=":0" /> | |||
*Market Control: As of march 2026, Revolut has over 70 million customers.<ref>{{Cite web |title=Revolut |url=https://revolut.com/about/}}</ref> | |||
==Incidents== | ==Incidents== | ||
This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]]. | This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]]. | ||