Revolut hits 35mn customer milestone and upgrades app

UK challenger bank Revolut announced on Tuesday a milestone of 35 million customers globally.

The company said that the figure was up from 30 million in June, and that the number of customers in Europe using Revolut as their primary account has grown by 90 per cent in the last year.

Alongside the milestone, Revolut said that it has launched its biggest app update to date with a significant overall of its design and layout.

The update, dubbed Revolut 10, promises to make key products and features quickly accessible from the home screen while also simplifying access to wealth building, money saving and investing tools along with lifestyle services and offers.

A major overhaul comes in the form of ‘Pockets’, a feature which allows customers to put money aside separate from their main account for their spending purposes and to organise their money for essentials like bills and subscriptions.

Key Revolut products and features will be quickly accessible from the home screen, while tools to build wealth, explore saving and investing, and make the most of lifestyle services and offers are available in just one tap.

Ivan Chalov, Revolut head of retail, said: “Revolut 10 is the biggest step forward yet in helping our customers make Revolut their primary account. We built Revolut 10 to help customers get a clear view of their money in one place and easily navigate through favourite features and products. Built for ease, we hope the updated, clearer design helps our customers explore existing features and products they may not have known were at their fingertips.

“We know every customer is unique and has individual needs, so we’re excited to offer customisation options, including widgets, where customers can specify cards or favourite recipients straight on their home screen to move money with one tap. No matter where you are on your financial journey, Revolut can easily help you manage your money better.”

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