Revolut is expanding into the travel industry, enabling users to book hotels and other holiday accommodation through its app. The new booking product will allow users to make reservations for flights, car rentals, and other travel needs.
British-based digital banking app Revolut is launching a new service allowing users to book travel accommodation and receive up to 10% in cashback in its first non-financial or insurance product launch, according to Reuters.
Revolut will allocate 70 million pounds ($95.24 million) to cashback for customers using the new service, Stays, it said on Wednesday.
„Booking your Stay is just the start. From hassle-free bill splitting to pay-per-day travel insurance, we’ve got it all. Upgrade for even more travel perks. Premium and Metal customers get travel insurance and airport lounge access included in their plans,” Revolut says.
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