Credit cards can be very dangerous from a financial well-being perspective, if used irresponsibly. The temptation to use one to fund a big holiday or a new sofa that you can't afford can be seriously tempting.
I'm the general manager of Paze, one of the business units of Early Warning Services. The mandate is really to take Paze and bring this new payment checkout system to the masses - both on the consumer side and on the merchant side - really making sure that our goal of becoming one of the top three wallets for checkout in the next five years becomes reality.
The problem was not growth or demand or even competition. It was settlement. Payments took days to clear. Reconciliation took weeks. Cash piled up in the wrong places. Finance teams spent their time explaining why the numbers did not match instead of planning what came next.
Launching our UK bank has been a long-term strategic priority for Revolut and marks a significant moment in our journey. The UK is our home market and central to our growth. We look forward to introducing a full suite of banking services to our millions of UK customers, bringing the same innovative experience we already provide across the rest of Europe.
Nium's infrastructure leverages 40 regulatory licenses to provide compliant issuance across 190 countries without requiring businesses to build new backend systems, streamlining the process significantly.
Consider this snapshot of the near future: You're in a taxi on the other side of the world. You pay your driver with the same digital wallet you use at home, and he receives the money in his wallet linked to the local instant payments network. He's set a rule in his bank app-"send 30% of every payout to my family back home"-and funds are converted immediately to a third currency and delivered to relatives in a country thousands of miles away.
There was a time when banks and fintechs competed mostly on bells and whistles: smoother apps, faster checkout, appealing rewards. But in the world of public markets and quarterly earnings, functionality gives way to fundamentals.
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The fintech giant has unveiled a new strategic direction for Revolut Pay, announcing plans to make its one-tap checkout work seamlessly across all agentic commerce platforms in the UK and the European Economic Area (EEA). At the heart of the move is Revolut Pay's compatibility with Google's Agent Payments Protocol (AP2), positioning the company early in a fast-moving mix of payments and artificial intelligence.
