Challenger bank Revolut announced that a streamlined version of its app is launching in Oman in the next couple of months.
The Revolut app also launched in four other countries including Sri Lanka, Chile, Ecuador, and Azerbaijan.
With the aim to launch in up to 90 countries by the end of 2022, and additional features to be added soon, customers in the additional countries would be able to transfer money to 50+ countries using 30+ currencies.
There is no fee between Revolut customers, and a 1% fee to non-Revolut accounts with a US$1 minimum fee for customers in these five new countries.
Any transfer fee will be displayed in the app before a customer hits transfer, and a competitive exchange rate is offered for international transfers.
Those keen to get the app can join the waitlist where some customers will be offered early access.
Vlad Yatsenko, Chief Technology Officer of Revolut said,
“We’re delighted to launch the Revolut app in another five countries, as we continue to expand access to Revolut’s fast, secure, and easy money transfers to countries around the world.
Revolut is redefining how to send and receive money by simplifying the process of international transfers, offering competitive fees, and always providing at competitive exchange rates.”