02 December 2020
Written By FinTech Alliance in Banking
Bacs payments can now be accessed a working day before.
It will impact about three million customers.
This is powered by Modulr’s direct access to the Bank of England.
Revolut hopes the new feature will add “better benefits, services and experiences” for millions of UK customers. Modulr’s API platform has been used by Revolut for some time and enables it to launch lots of new services.
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This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
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