Revolut launches seven new currency accounts for Singapore customers
The new currency accounts offered include Indian rupee, Philippine peso and South Korean won.
Fintech app Revolut has added seven new currency accounts to its Singapore platform, bringing its total number of foreign currency accounts to 33.
Revolut’s Singapore customers will now be able to exchange and hold currencies including Indian rupee, Philippine peso, South Korean won, Chilean peso, Colombian peso, Egyptian pound and Kazakhstani tenge.
Users can now conduct foreign exchange using the Revolut app for these currencies prior to completing card payments or transfers. Travel and international money transfers are expected to be the top use cases for this new feature.
Revolut CEO Raymond Ng says the launch was just in time to support customers while they travel, adding that three out of four Singapore customers are set to have travelled this Spring despite rising cost of living pressures.
In Singapore, Revolut’s services include overseas remittance, multi-currency accounts, fractional stock trading, commodities and crypto trading.
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