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Revolut gears up to disrupt South African banking | SA News

Revolut gears up to disrupt South African bankingThe South African banking sector is poised for further disruption as one of the world’s largest digital banks, Revolut, prepares to enter the local market.

The London-headquartered fintech Revolut is driving an expansion into emerging markets following last Wednesday’s announcement that it will launch a payments platform in India.

Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut started out offering a prepaid card with low-fee foreign exchange services. It has since evolved to a full-fledged financial “super app”.

Jacques Meyer. A launch date has not yet been announced.

“South Africans are ready for a new approach to banking. The market is primed for disruption, and we…

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