Revolut, has partnered with Mastercard to launch banks cards in the US by the end of the year, as part of the banking app’s strategy to issue cards in any market around the world where Mastercard is accepted. Mastercard has built a strong partnership with Revolut since its launch in 2015 and their participation in the network’s accelerator program, Start Path.
Today’s announcement confirms the two businesses will partner on a minimum of 50% of all existing and future cards Revolut issues in Europe. Beyond Europe, the agreement will also enable Revolut to meet its global reach ambitions, in particular, offering financial services to consumers in the US by the end of the year.
The global expansion will also enable Revolut to reach markets in Asia Pacific and Latin America.
As a launch partner of Revolut, Mastercard has been an important contributor to our success, and today’s agreement will enable us to meet our ambitious goal of offering innovative financial and payment solutions to people all over the world. Launching in the U.S. will be a huge milestone for us, and we are delighted Mastercard will be our go-to-market partner.
Nik Storonsky, founder and CEO, Revolut
Having partnered with Revolut over the last four years, we are delighted that our relationship continues to grow and meet our collective global ambitions. Revolut’s success and its speed to new markets, such as the U.S., is welcome proof of our commitment to tailoring support for fintechs. Broadening Revolut’s global reach will enable millions more people around the world to benefit from Mastercard’s worldwide acceptance footprint and Revolut’s ground breaking financial services.
Michael Miebach, Chief Product Officer at Mastercard