Revolut 2.0 is here! What’s new in 2.0 and 2015 highlights

Rob Braileanu

 · 01/12/2016  · 01/12/2016

The five new features in 2.0 are:

1) Enhanced design and user interface aimed to improve your experience using the app even more

2) You can now compare live exchange rates for all 90 currencies available for spending on your card in the app by clicking “Exchange” then the drop down arrow at the top. Choose the rate you are interested in and use the “Converter” to show you how many Polish Zloty you’ll get via Revolut for £150 for example. Just a reminder, the card will auto-convert you to the currency you’re spending in at the best rate so there is no need to pre-purchase currency. With this upgrade you can now see the rate you will get in advance, providing transparency over the rate you’ll be given

3) Make transfers directly to other people’s bank accounts via “Bank” on your home screen. We took your comments on board and aim to make this feature even easier to use. Previously, sending directly externally was only possible by sending a notification to the other person to fill in their bank details

4) Beautiful tutorial screens that appear when you install the app for the first time. These clarify what the functionality for each button is therefore making your experience with Revolut even smoother

5) You can set the PIN of your choice before receiving the card. This removes the requirement to visit a MasterCard ® approved Chip & Pin ATM before using your card with a new pin

**We are looking forward to what 2016 will bring however it is important to reflect on the past. Here’s a look back at the 2015 Revolut highlights
Revolut launched to the public in July 2015 to increase transparency and fairness by eliminating unnecessary fees previously associated to spending or sending money abroad. Since then Revolut has grown rapidly! As of January 11th, 2016 we have 81,000 users across 150 countries who have transacted $182m and saved approximately $15m because of Revolut.
Revolut topped the charts for the best FX rates, as seen on Which and was
recognized by industry leaders such as KPMG’s exclusive 2015 naming Revolut as 1 of 50 FinTech companies to watch. Revolut caught the attention of Forbes, was awarded Best Emerging Payments Startup here and named 1 of 3 favorites on TechCrunch TV here.

Now for a few fun Revolut statistics in 2015:

Most interesting use of Revolut: Thousands of US dollars in donation aid to Tanzania and Madagascar. 100% of donations received because of Revolut

Least populous EU country where Revolut has users: Gibraltar
Most populous EU country where Revolut has users: Germany

Top 5 MOST popular currencies outside of GBP, EUR and USD
(Ranked by volume spent in local equivalent)

  1. Australian Dollars
  2. New Zealand Dollars
  3. Russian Rubles
  4. Canadian Dollars
  5. Thai Bhat

Top 5 LEAST popular currencies outside of GBP, EUR and USD
(Ranked by volume spent in local equivalent)

  1. Surinamese Dollar
  2. Aruban Florin
  3. Iraqi Dinar
  4. Central African Franc
  5. Samoan Tala

Top 5 MOST popular countries for the Revolut community to visit
(Ranked by number of transactions)

  1. Spain
  2. France
  3. Australia
  4. Canada
  5. USA

Top 5 MOST popular retailers with the Revolut community
(Ranked by number of transactions)

  1. Ali Express
  2. Universal Studios
  3. Microsoft Store
  4. Amazon UK
  5. Walgreens

Note: Figures accurate as of January 11th, 2016. No individual user data was accessed to calculate this data. Data was anonymized and aggregated.