Revolut’s 2020 launch in the U.S. was by its own admission quiet, but it has ramped up quickly by targeting pandemic recovery opportunities such as cross-border payments and travel.
The London-based Revolut in the past two months has launched products designed to tap the U.S.-Mexico remittance corridor, support for crypto withdrawals, and payments for flights and hotels. There’s a focus on cross-border payments, where Revolut contends it can find new users by offering lower fees and digital rails, despite a highly competitive U.S. market focused on the same services.
Revolut earlier this month launched U.S.-Mexico remittances, which reached an all-time high earlier this year, totaling $4.5 billion in May alone, according to BBVA Research,…
