FinTech Alliance company Revolut has launched its card and app in Australia today.
The challenger bank had already onboarded 30,000 people in its beta phase.
It has 12mn customers worldwide.
While it offers extensive services it is not yet a bank in Australia.
What does this mean?
Australia CEO Matt Baxby has said that Revolut will appeal to the “value seeking” side of the average Australian consumer, thanks to all the free or cheaper features it offers. He adds that most Australian’s, especially younger people, manage their life on their smartphone now and Revolut will be able to extend this to their finances.