Mobile FinTech firm, Revolut, has released a new in-app feature called Donations, which allows its five million customers to round up card payments and donate the difference to three international charities. Additionally, customers will also be able to make donations by setting up a recurring payment or making one-off donations.
Unlike many traditional banks and payment firms, one hundred per cent of the amount donated by customers goes to each charity, with Revolut charging no fees to donate to their preferred charity. There is no minimum donation amount and the feature can be turned on and off by customers at any time.
ILGA-Europe, Save the Children and WWF (Worldwide Fund for Nature) have been chosen as the first three charities due to their appeal to Revolut’s global user base, each of them seeking to tackle worldwide injustices. Revolut’s association with each charity will be ongoing and the fast growing FinTech will be adding additional charities throughout the year as it rolls out this exciting new feature.
Nik Storonsky, Founder & CEO of Revolut
We are the first generation that knows we’re destroying the planet and could be the last that can do anything about it. Opportunities like this one are essential if we’re to halt and reverse nature’s decline. That’s why we’re delighted to be one of the three charities benefiting from Revolut’s ‘Donations’ to encourage Revolut’s customers to protect vital habitats and species through donating to WWF. We’re looking forward to inspiring millions to join the fight for our world.
Naomi Hicks, Director of Partnerships at WWF