The fintech firm integrates Bizum and plans to roll out branded ATMs in Spain.
Revolut, the digital banking powerhouse, has unveiled an instalment payment option for its credit customers in Spain along with Ireland, and Poland, according to financemagnates.com.
This feature allows users to split purchases over €50 into fixed instalments, offering lower interest rates than traditional ‘revolving’ credit cards. The system allows the customer to decide whether to pay in instalments at the end of the month or not, generating higher interest rates.
But Revolut isn’t stopping at digital-only features. The company has also announced plans to deploy branded ATMs in Spain starting mid-2025. „Revolut ATMs will dispense both cash and cards, and in the long-term accept cash deposits, with advanced security through facial recognition identity authentication.” – the company said.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
