Revolut Teams up With Mastercard to Launch Debit Cards in the US

Revolut, one of the world’s fastest-growing fintech startups, is slated to launch in the U.S.

The London-based digital bank has partnered with Mastercard to launch Revolut cards across the pond, the two companies said in a statement. “Launching in the U.S. will be a huge milestone for us,” said Revolut CEO Nik Storonsky. “And we are delighted Mastercard will be our go-to-market partner.”

The launch is part of an expansion of the two companies’ relationship, with Mastercard now set to launch at least 50% of all Revolut cards in Europe.

“Beyond Europe, the agreement will also enable Revolut to meet its global reach ambitions. Primary to these ambitions is to offer financial services to consumers in the U.S., and by the end of the year the brands will launch Revolut’s first solutions in the US market,” the companies said.

The payments giant is also set to help Revolut expand in Asia and Latin America, with Australia, Singapore, Japan, Brazil, and Mexico among the chief targets.

Michael Miebach, Chief Product Officer at Mastercard, said that New York-based company is delighted that its relationship with Revolut “continues to grow and meet our collective global ambitions,” adding that “broadening Revolut’s global reach will enable millions more people around the world to benefit from Mastercard’s worldwide acceptance footprint and Revolut’s ground breaking financial services.”

Photo: Scott Lewis