- Revolut adds 7 new currency accounts to its Singapore platform, bringing the total number of foreign currency accounts to 33
- New currency accounts offered include INR, KRW, and PHP
- The new currencies will be available for foreign currency exchange via the Revolut app at interbank rates, subject to fair usage and weekend fees
15 May 2023 | Singapore, Revolut, the global finance super app with more than 28 million customers worldwide, has today announced its Singapore customers will be able to exchange and hold seven new currencies within their Revolut app.
The additional currency accounts include Indian rupee (INR), Philippine peso (PHP), South Korean won (KRW), Chilean peso (CLP), Colombian peso (COP), Egyptian pound (EGP), and Kazakhstani tenge (KZT). Revolut customers in Singapore will now be able to conduct foreign exchange using the Revolut app for these currencies prior to completing card payments or transfers. Travel and international money transfers are expected to be the top use cases for this new feature.
CEO of Revolut in Singapore, Raymond Ng said: “We are proud to announce the addition of 7 new currencies to our Singapore platform just in time to support consumers while they travel. Despite rising cost of living pressures, 3 in 4 Singapore consumers are set to have travelled this Spring. Revolut is committed to providing our users with greater access to the global financial system. With our innovative technology and user-centric approach, we are excited to continue on our mission to revolutionise the way people manage their finances.”
Revolut’s services include overseas remittance, multi-currency accounts, fractional stock trading, commodities and crypto trading.
These seven new currency accounts add to the growing list of products and services designed to help Revolut customers get the most out of their money. The company looks forward to delivering more exceptional products to its customers in the future. For more information on Revolut’s currency exchanges, please visit our FAQs here https://help.revolut.com/en-SG/help/wealth/exchanging-money/
Revolut is building the world’s first truly global financial superapp to help people get more from their money. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, more than 25 million customers around the world use dozens of Revolut’s innovative products to make more than 350 million transactions a month.
In the Asia-Pacific region, Revolut has teams across Australia, Singapore, Japan and India. They are supported by Revolut’s global team of over 5000 people with its headquarters in London. Across its personal and business accounts, Revolut helps its customers improve their financial health, get more control over their finances, and connects people seamlessly across the world. www.revolut.com