Revolut gears up for expansion in Singapore and Japan

More than 50,000 people in the APAC region have signed up to a waiting list to create an account with Revolut

London-based digital banking venture Revolut has acquired a remittance license from the Monetary Authority of Singapore and full authorisation from Japan’s Financial Services Agency.

The company, which offers users a prepaid debit card and a current account, as well as premium features like cryptocurrency trading, intends to launch its platform in the Asia-Pacific (APAC) region in Q1 2019.

It also wants to roll-out its banking app in the US, Canada, Australia and New Zealand.

“We have confidence that we will continue to be a driving force as we expand globally, developing a range of exciting new services for increasingly connected consumers in APAC,” says Revolut Chief Executive Nikolay Storonsky.

“It’s a huge market and we’re already seeing an incredible amount of people demanding our product.”

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