Optimal Payments Teams Up with Revolut for Foreign Exchange Solution

July 27, 2024 by
Optimal Payments Teams Up with Revolut for Foreign Exchange Solution

Optimal Payments, a leading payments provider, announced its partnership with Revolut for the introduction of its new currency exchange solution designed to change the foreign exchange market this summer. The solution is intended to be an innovative multi-currency MasterCard and mobile app, which will allow customers to both spend and send money over seas at the best exchange rate possible.

For the first twelve months, the service will be made free for customers. The Revolut app is available for iOS and Android and allows users to set up an account within seconds to transfer funds globally via email, SMS, social media channels, or the WhatsApp.

To ensure the best possible rate, Revolut acquires the wholesale interbank exchange rate, updated every half a second.

Through Optimal Payments’ partnership with Revolut, customers may hold funds in GBP, Euro, and USD. A virtual formatted Revolut card can be used for online purchasing immediately following the account set up, as well as a psychical card, which can be delivered at no cost within two business days in the UK.

Andrea Dunlop, the Vice President Card Services and Acquiring at Optimal Payments commented, “Through this partnership, Revolut is able to utilize Optimal Payments’ expertise in delivering secure and leading-edge payment solutions to customers and merchants around the world. Revolut could revolutionize the money exchange market, and we look forward to supporting their progress by providing them with both a prepaid solution and our acquiring services. The Optimal Payments Card Services division can support a variety of different Prepaid Programs-from white-label cards to bespoke multi-channel solutions.”

In addition, the founder of Revolut, Nikolay Storonsky stated, “We chose to work with Optimal Payments due to their flexibility and embracing attitude towards start-ups. They have been agile in integrating our services which has been essential in the early growth of Revolut, and have been supportive of our ambition to change the way money is transacted, sent and spent around the world.”

Revolut aims to optimize the foreign exchange rate for its users, providing high-end operability and efficiency.

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