Revolut to Launch in Singapore and Japan
Digital banking alternative Revolut has obtained licenses to operate in Japan and Singapore, as the company acquired a remittance license from the Monetary Authority of Singapore and full authorization from Japan’s Financial Services Agency.
We're working on our global expansion as we speak! Aiming to launch in Japan soon. You can get early access here: https://t.co/Zy9V9Auz1y
— Revolut (@RevolutApp) November 21, 2018
Revolut intends to launch its platform in the Asia-Pacific (APAC) region in the first quarter of 2019, and is looking to select Singapore to host its APAC headquarters. In Japan, Revolut has signed deals with several companies such as e-commerce site Rakuten, global printing company Toppan, and Sompo Japan Insurance.
“We have confidence that Revolut will continue to be a driving force as we expand globally, developing a range of exciting new services for increasingly connected consumers in APAC. It’s a huge market and we’re already seeing an incredible amount of people demanding our product.” – CEO of Revolut, Nikolay Storonsky, as more than 50,000 people in the APAC region have signed up to Revolut’s waiting list.