Fintech startup Revolut is spreading in Japan. After testing the service with 10,000 users, anyone can now sign up and open an account. The company was originally licensed to operate in 2018 by Japan’s Financial Services Agency.
When you open an account, you get an electronic wallet and a Visa debit card. You can top up your account and spend money with your card, virtual card, Apple Pay, Google Pay, etc. Sends you instant notifications and lets you freeze and integrate your card from the app.
You can also send money to other Revolt customers or bank accounts. Like other countries, Revolt allows you to exchange money in the app and send money to other currencies. Many consumers have taken advantage of the services to travel and pay less in foreign exchange fees.
Users in Japan will be able to create vaults by promoting transactions and creating recurring transactions and setting aside some money. And that’s about it right now.
The company has already launched premium plans in Japan, but you don’t get much benefit from it other than the low foreign exchange fee, various card designs, better support and the ability to purchase airport lounge access with a lounge pass.
Unlike the UK and Europe, you will not be able to buy cryptocurrencies, trading stocks, insurance products, create Revolt Junior accounts for your children, and so on. Revolt is really trying to create a super app in their country and has greatly expanded its feature over the years.
The company promises that some features, such as cryptocurrency and stock trading, will be available globally. But there is no release date yet. So let’s see how the product develops in the coming months.
Revolt is currently available in the United States, Europe, the United States, Singapore and Australia. It has 13 million customers.