Fintech firm Revolut in massive global push with Visa

LONDON (Reuters) – British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc, the two companies said on Monday. Revolut will then launch in other Latin American and Asian markets next year, its chief executive and founder Nikolay Storonsky told Reuters. The expansion into new markets will be subject to Revolut getting the necessary regulatory approvals. The deal is not exclusive but will see at least 75% of all Revolut cards carry Visa branding rather than that of rivals such as Mastercard Inc. The global push could see Revolut double or triple its customers in the next year, Storonsky said.

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