Issue link: https://maltatoday.uberflip.com/i/1039277
16 COMMERCIAL maltatoday | SUNDAY • 14 OCTOBER 2018 Vacancy No 341349 Jobsplus No. 558/2018 Professional Officer Architect New Water & Technical Support Services wsc.com.mt | (+356) 8007 6400 | human.resources@wsc.com.mt REVOLUT, one of the fastest growing fintech companies in the world, is promising to dis- rupt business acquiring like never before. The online banking com- pany insists that traditional banks have been failing busi- nesses for years. And that, while their marketing materi- als will claim to show how in- novative and forward thinking they are, the reality could not be further from that. Nikolay Storonsky, founder & CEO of Revolut said that traditionally, acquiring has been dominated by the big players, with small businesses forced into creating a business bank account with a com- pletely separate merchant ac- count in order to accept pay- ments – a time-consuming and costly process. "Acquiring will never be the same again. We're ripping up the rulebook and building a new acquiring product from scratch," he said. "Our vision is to let a company set up a business account linked to a merchant account in minutes, allowing them to seamlessly make both online and offline payments in a matter of sec- onds." Dimitris Litsikakis, Country Manager of Revolut in Malta, Greece & Cyprus agreed. "We are going to change the face of business banking for- ever. Our new acquiring tech- nology, which will allow busi- nesses to make both online and offline payments seam- lessly, is just one way in which we are going to do it," he said. Maltese consumers can al- ready open an app-based cur- rent account in three minutes, send free domestic and inter- national money transfers and spend abroad with no fees as Revolut officially launched its service in Malta during Delta Summit last week. The high-growth fintech is confident that it can become a financial hub for managing your entire financial life and is also close to launch a com- mission-free trading platform that will allow customers to invest their spare change into company stocks and bonds. The company has already signed up over 35,000 Mal- tese customers and is con- fident that it can reach 60,000 Maltese custom- ers by the end of the year. Since launching in July 2015, Revolut has attract- ed more than 2,800,000 users across Europe and processed over $22billion in trans- actions. Revolut launched in July 2015 with a punchy mission: to turn the financial banking sector on its head. With Revolut, users can spend money abroad in over 150 currencies with no fees, hold and exchange 25 currencies in- app and send free domes- tic and international money transfers with the real exchange rate. Ripping up the rulebook Revolut to build a new acquiring product from scratch Only days after the offi cial launch of Revolut during Delta Summit, the company teases a completely new product line – acquiring The high-growth fintech is confident that it can become a financial hub for managing your entire financial life and is also close to launch a com- mission-free trading platform that will allow customers to invest their spare change into company stocks and bonds. The company has already signed up over 35,000 Mal- tese customers and is con- fident that it can reach 60,000 Maltese custom- ers by the end of the year. Since launching in July 2015, Revolut has attract- ed more than 2,800,000 users across Europe Revolut launched in July 2015 with a punchy mission: to turn the financial banking sector on its head. With Revolut, users can spend money abroad in over 150 currencies with no fees, hold and exchange 25 currencies in- app and send free domes- tic and international money transfers with the real exchange rate.