London-headquartered Revolut has integrated and launched Google Pay for its customers in ten new European markets, the challenger bank announced on Tuesday.
Google Pay is the mobile payments application launched by the search engine giant. It enables various digital payments, including online, in-app, and in-store. The services will be available to Revolut customers in ten European countries: Austria, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, Netherlands, Portugal and Romania.
“Our 13 million global customers are fast moving away from cash in the majority of the markets we operate in, and this has accelerated since the start of the year, so launching Google Pay in these 10 new markets is a very positive step forward in enabling our customers to safely use their money in the way that they want to,” James Carpenter, Revolut’s Product Owner for card payments said.
A Challenger Bank
Founded in 2015, Revolut has become a major fintech in the United Kingdom and is now expanding both its products and geographical reach. The challenger bank is also applying for a US banking license and entering into several non-English speaking markets, including Japan.
Legal Risk Factor Beneath Ripple’s Lawsuit from SECGo to article >>
Revolut customers can access Google Pay’s services on Android devices and can add their existing cards on the app for payments.
Meanwhile, Google is aggressively pushing its payments services to new markets as the ongoing pandemic accelerated the need for making contactless payments across many markets.
Apart from Revolut, Mastercard is also rolling out Google Pay in the same European markets via its partner banks and fintech startups.
“Our ultimate goal is to build the world’s first truly global financial superapp, and giving our customers tools such as Google Pay in order to make payments quickly, conveniently and securely is vital to achieving this,” Carpenter added.