Revolut (REV) Launches New Payment Corridors Bridging Europe and Africa, Boosting Crypto Adoption

<ul>
  <li>Revolut has opened new payment corridors between Europe and Africa, allowing customers to send money to various mobile wallets.</li>
  <li>This expansion includes 14 new payment corridors, 9 new countries, and 3 digital wallets: Airtel, Orange Money, and MTN.</li>
  <li>Samuel Fairburn, Product Owner for Remittances at Revolut, emphasizes the importance of simplifying international money transfers for expats.</li>
</ul>
<p><strong>Revolut's new payment corridors between Europe and Africa simplify international money transfers for expats, enhancing economic ties and financial inclusion.</strong></p>
<h2><strong>Revolut Expands International Transfers with Mobile Wallets</strong></h2>
<p>Revolut customers in the UK and most European countries (EEA) can now use Mobile Wallets to send money to 4 different wallets (M-Pesa, Airtel, Orange Money, MTN) across 10 countries in Africa. This move is part of Revolut's strategy to strengthen economic ties between Europe and Africa by facilitating affordable and convenient international money transfers.</p>
<h3><strong>Addressing the Challenges of Sending Money Home</strong></h3>
<p>Samuel Fairburn, Product Owner for Remittances at Revolut, stated, “We’re delighted to launch Mobile Wallets so that Revolut customers can send money in a flash. Sending money home to Africa is a challenge many expats face and so it is essential to provide a service that simplifies this and facilitates affordable and convenient international money transfers. By continuously adapting to the evolving needs of the digital economy, we hope to continue to empower individuals and families around the world to navigate the complexities of cross-border finance with ease.”</p>
<h3><strong>Mobile Wallets: M-Pesa, Airtel, Orange Money, MTN</strong></h3>
<p>With this new feature, Revolut customers can send money to 4 different mobile wallets used across 10 countries in Africa. These wallets include M-Pesa, Airtel, Orange Money, and MTN. African countries heavily rely on Mobile Wallets for various transactions, making Revolut’s entry into these markets timely and impactful. Customers can now seamlessly send money to these wallets directly from their Revolut app, providing a convenient and cost-effective solution for international money transfers.</p>
<h3><strong>Conclusion</strong></h3>
<p>Revolut's expansion into the African market through new payment corridors and mobile wallets marks a significant step in enhancing financial inclusion and simplifying international money transfers for expats. By leveraging the widespread use of mobile wallets in Africa, Revolut is well-positioned to meet the needs of its customers and foster stronger economic ties between Europe and Africa.</p>