{"id":12283,"date":"2019-02-19T08:56:14","date_gmt":"2019-02-19T08:56:14","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=12283"},"modified":"2019-02-19T08:56:14","modified_gmt":"2019-02-19T08:56:14","slug":"revolut-plans-invasion-of-the-russian-market","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/revolut-plans-invasion-of-the-russian-market\/","title":{"rendered":"Revolut plans invasion of the Russian market"},"content":{"rendered":"<p>Revolut, a British FinTech startup with Russian roots, announced its plans to enter the Russian market this year. The company, valued at USD 561 million, is a mobile app that is integrated with a multi-currency debit card. The service allows users to convert funds from one currency to another at an interbank rate and make free money transfers to anywhere in the world. In response to the plan, the heads of Alfa Bank and Tinkoff Bank dismissed the announcement, stating that Revolut will not go over well in Russia given a similar app that was recently released in the country as well as the fact that Revolut\u2019s current market share in Europe is only 0.5%.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-12283 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='10 data analytics startups disrupting the financial services industry'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/10-data-analytics-startups-disrupting-the-financial-services-industry\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/09\/19c29cb7-28c5-4ba5-8fe3-308109e6f0b01-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15358\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15358'>\n\t\t\t\t10 data analytics startups disrupting the financial services industry\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Denmark to use a cryptocurrency to help developing countries'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/denmark-to-use-a-cryptocurrency-to-help-developing-countries\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/denmark-to-use-a-cryptocurrency-to-help-developing-countries-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-10826\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10826'>\n\t\t\t\tDenmark to use a cryptocurrency to help developing countries\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Bank of England to open new blockchain-based payment system'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bank-of-england-to-open-new-blockchain-based-payment-system\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/08\/blockchain-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-10542\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10542'>\n\t\t\t\tBank of England to open new blockchain-based payment system\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Revolut, a British FinTech startup with Russian roots, announced its plans to enter the Russian market this year. The company, valued at USD 561 million, is a mobile app that is integrated with a multi-currency debit card. The service allows users to convert funds from one currency to another at an interbank rate and make &hellip;<\/p>\n","protected":false},"author":5,"featured_media":12317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,12],"tags":[35,400,335],"class_list":["post-12283","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-russia-fintech","tag-digital-banking","tag-money-transfers","tag-startups","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=12283"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12283\/revisions"}],"predecessor-version":[{"id":12284,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12283\/revisions\/12284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/12317"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=12283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=12283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=12283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}