Revolut, a global financial app with millions of users, introduces Mobile Wallets, a new feature simplifying international money transfers. Users can send money abroad quickly using recipient IDs like names or phone numbers. Initially available for transfers to platforms like bKash in Bangladesh and M-Pesa in Kenya, Mobile Wallets aim to streamline remittance experiences. Revolut’s expansion into these markets caters to the needs of expatriates and international students. The service offers an affordable and convenient solution for sending money home, aligning with Revolut’s commitment to empowering individuals in navigating cross-border finance. Mobile Wallets maintain a pricing structure similar to bank transfers, providing customers with enhanced ease and flexibility in transferring funds internationally.
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