The agenda acquittal platform Revolut appear its accession in Malta aftermost anniversary with a admonishing to the country’s cyberbanking institutions.
“The big banks in Malta accept been demography advantage of their barter for years with amaranthine chump fees and abominable technology…Revolut is actuality to end the party,” the aggregation said in a columnist absolution announcement it was now on the arena in Malta.
Revolut has developed rapidly back it was founded in 2015. Today, it boasts some 2.5 actor users worldwide, and is one of the best recognisable cyberbanking acquittal platforms around. The start-up is estimated to be annual $1.7 billion.
Prior to the alpha of its bounded business campaign, Revolut already had some 25,000 users – this cardinal has gone up by 5,000 users in the aftermost anniversary alone.
While Revolut isn’t the aboriginal fintech aggregation to advertise a attendance in Malta over the aftermost year, it is the aboriginal to affair such a adventurous admonishing to bounded players.
Asked whether antagonising the banks was the best way for the aggregation to advertise itself to Malta, Revolut’s bounded administrator Dimitris Litsikakis told MaltaToday he was not “concerned at all as the cyberbanking arrangement has actual specific rules and regulations that charge be respected”.
He said irrespective of the acceptable banks’ position, European laws ensured Revolut would be able to
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