Global fintech company Revolut, in partnership with Visa, today announced the launch of its exclusive metal card in the Singapore market.
In a press statement, the company described the card as fully contactless-enabled, meaning that customers can use it for tapping to pay. Made from a single sheet of reinforced steel and weighted three times of a regular card, the card can be used wherever Visa is accepted.
Kunal Chatterjee, Visa Country Manager for Singapore & Brunei, said that the card is aimed for “frequent travellers who want to own a premium debit multi-currency product that has compelling travel benefits and cashback.”
“We are already seeing strong growth in the number of Revolut Visa cardholders since the launch, and are confident that the metal card will appeal to emerging affluent and affluent millennials,” he explained.
Benefits of the card included one per cent cashback on international spend in 28 currencies, free international ATM withdrawals up to S$1,050 (US$774) per month, and a dedicated concierge service for booking everything from flights to festival tickets.
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It also enables customers to receive an unlimited foreign exchange at the real exchange rate, free international money transfers, priority customer support and overseas travel insurance that will cover emergency medical, dental, baggage delays, and loss or damage of items bought with Revolut.
In the future, the card will also include other benefits such as commission-free stock trading (which is currently available to European Economic Area-based customers), delayed flight insurance coverage, family and youth accounts, and unlimited disposable virtual cards.
Launched in 2015, Revolut aims to provide an alternative to big banks by enabling customers to “cheaply and easily” spend and transfer money abroad.
The company said that it has since attracted over nine million customers in Europe with its spending overviews, budgeting controls, savings features and cryptocurrency exchange.
It has recently made its entry to Asia through the Singapore market, after a year of beta-testing.
In an interview with e27, CEO & Founder Nik Storonsky announced the company’s plan to “be in almost every country in Asia”, starting with Japan in early next year.
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Image Credit: Revolut
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