Revolut: Difference between revisions
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==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 Freedom: The mobile app is effectively mandatory for login.{{Citation needed}} Furthermore the website is considered "severely limited" forcing the user to use the mobile app for full functionality.<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> | ||
*Business Model: Revolut offers subscriptions plans for benefits including cash back, access to crypto-currencies, travel and concierge service.<ref name=":0" /> | *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> | *Market Control: As of march 2026, Revolut has over 70 million customers.<ref>{{Cite web |title=Revolut |url=https://revolut.com/about/}}</ref> | ||
==== User Privacy: Setting up an account requirements include: ==== | |||
* Phone number | |||
* Email address | |||
* Full legal name | |||
* Home address | |||
* Aircode | |||
* ID | |||
* Microphone permissions without disclosure as to why | |||
==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]]. | ||
Revision as of 07:09, 27 March 2026
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| Basic Information | |
|---|---|
| Release Year | |
| Product Type | Digital Banking |
| In Production | |
| Official Website | https://revolut.com |
Revolut offers free and subscription-based digital banking services.[1] Launched in 2015 with over 70 million customers stated as of 2026[2], its services include bank accounts, debit cards, credit cards, currency exchange, stock trading, cryptocurrency exchange and peer to peer payments.
Consumer-impact summary
- User Freedom: The mobile app is effectively mandatory for login.[citation needed] Furthermore the website is considered "severely limited" forcing the user to use the mobile app for full functionality.[3]
- Business Model: Revolut offers subscriptions plans for benefits including cash back, access to crypto-currencies, travel and concierge service.[1]
- Market Control: As of march 2026, Revolut has over 70 million customers.[4]
User Privacy: Setting up an account requirements include:
- Phone number
- Email address
- Full legal name
- Home address
- Aircode
- ID
- Microphone permissions without disclosure as to why
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 Revolut category.
App explicitly blocked on Android ROMs claiming data security reasons (2024 - Present):
- Main article: Revolut blocked access for users with custom OS
In November 2024, Revolut pushed an update that removed support to users with custom OS on their device. The change was announced through an in-app message, which was shown after a user tried to log in. The change also affected users whom already had an account and funds at the Company.
Products
See also
References
- ↑ 1.0 1.1 Russon, Mary-Ann (1 April 2019). "What is Revolut?". BBC.
- ↑ "2025 Annual Report" (PDF). Revolut Group Holdings Ltd.
- ↑ "GrapheneOS Forums".
- ↑ "Revolut".