Member Exclusive, New banks

Across its global footprint, Revolut redesigns its app

  • Revolut’s newest app version includes several new features and a completely new layout.
  • The challenger bank promises to release more features in the upcoming months.
close

Email a Friend

Across its global footprint, Revolut redesigns its app

Since the launch of its mobile-remittance platform and multi-currency card in 2015, Revolut has continued adding new features to its app.

Last week, the company announced its most recent update, which includes new features, as well as an expansion of old ones. The most noticeable change is the app’s new interface, which is now split into two tabs: Home and Wealth.

revolut newly designed app
Source: Revolut

The Home tab contains an overview of the user’s spending, including tracking purchases, linking to open banking accounts, and gaining insight to budgeting and spending analytics.

The Wealth tab’s investment-based features include insight into crypto and stocks. The vault feature, which allows users to put aside money in personal or shared accounts, has also been moved to this tab. The company believes this will help users invest more easily.

SPONSORED

In addition, Revolut has expanded its Perks feature: the company has partnered with a variety of brands to offer discounts and money back rewards. Users can access these rewards by using their Revolut card. Perks available through the mobile app include Trainline, HelloFresh, and National Express. With every tenth purchase, customers can unlock a new perk. The Perks feature is now available to all customers, including non-premium and non-metal account holders.

Revolut is not the only challenger bank focusing on drawing users in through an easier-to-navigate interface, saving features, and consumer-centric perks. Many challenger banks are following this same tactic. N26, for instance, also just updated its app’s design to include a homepage that provides an overview of past payments, as well as “spaces sub-accounts” to allow users set money aside. Monzo, meanwhile, has redesigned its app to provide a personalized feel by letting users choose what features to see on their homepage.

Revolut’s new upgrade comes following the challenger bank’s recent launch in the US.  While the American version of the app is not as expansive as the European version yet, the company plans to change this in the future.

The plan, according to U.S. CEO of the company Ronald Oliveira, is to create a ‘global all-in-one, financial app’.

“You’ll see a refresh of our app — which has been in the works for some time — in the coming months,” said Oliveira. “It will slowly roll across our global footprint. The app will all look the same — how you enter it and navigate through it.”

0 comments on “Across its global footprint, Revolut redesigns its app”

New banks

Acorns automatically jacks-up fees on subscribers paying $1 per month

  • Acorns is approaching going public via a SPAC.
  • The firm recently told customers in its lowest subscription tier that it was raising their fees by 3x.
Zachary Miller | July 28, 2021
New banks

Midwest BankCentre shows how community banks can compete with new players

  • Midwest BankCentre launched Rising Bank to grow its deposits by $200 million in two years.
  • Embedded finance is expected to generate about $230 billion in revenue over the next five years.
Shehzil Zahid | July 21, 2021
New banks

Remitly targets U.S. immigrants with new banking features in its Passbook app

  • Remitly has launched several new digital banking features in its Passbook app.
  • Features include early access to pay, instant P2P payments, and immediate Visa debit card access.
Ismail Umar | July 12, 2021
New banks

Family matters with Family Money: Verizon’s new financial app for kids

  • Family Money is a financial literacy app for kids aged 8-17
  • The app fits in with Verizon’s other family-focused products and services.
Shehzil Zahid | July 01, 2021
New banks

‘The platform has to be as malleable as the families that use it’: How Till banks families of all kinds

  • Till is stepping into the booming field of family banking with plans to become financial training wheels for kids.
  • But defining what a family actually is is no easy feat.
Rivka Abramson | June 28, 2021
More Articles