Revolut has selected Bottomline Technologies’ Universal Aggregator solution.
The solution will help deliver realtime payment services to Revolut’s UK customers.
The Universal Aggregator affords finance firms access to the UK’s Faster Payments Scheme.
Revolut will be able to monitor and limit transaction volume through the platform.
What does this mean?
Becoming a member of the Faster Payments Scheme directly has proved challenging for newer businesses like FinTechs – partnering with Bottomline has made this quicker and easier for Revolut.