Revolut launches travel product

Revolut has said that it will give £70 million to its customers in a 10 per cent cashback scheme via its new travel feature.

The FinTech claimed that the average customer would save £69 a year on accommodation costs for bookings made through the ‘Stays' feature.

The travel product is available to Revolut customers from Wednesday, with the FinTech app planning to gradually roll out the feature to customers across Europe and the US in the coming months.

Revolut has long-term plans to add more travel related products, including flights, car hire, and travel experiences, cementing its expansion into non-financial services through the app.

According to data from the UK-headquartered company, despite travel restrictions, 72 per cent of Brits can’t wait to go abroad as soon as they’re able to. Revolut surveyed 12,000 of its customers across over 10 countries to analyse their attitude towards travelling in the coming months.

“As the world begins to cautiously open up, we know everyone is desperate to get away whenever they can - whether it’s to Margate or Mallorca,” said Marsel Nikaj, head of savings and lifestyle at Revolut. “We’ve built Stays to make it easy for people to find and book their perfect break in their ideal destination.”

Nikaj added: “After 18 months of endless restrictions and lockdowns, we want to give people more and make their money travel further. Revolut is becoming the go-to app for travel, giving you more.”

    Share Story:

Recent Stories

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.