Revolut deploys Terminal to Spain

The British neobank Revolut continues today to deploy its offers internationally. In order to consolidate its positions in Europe, it relies in particular on increasing its services to professionals. This strategy has just been illustrated once again by the launch of the Revolut Terminal service in Spain, where the neo-bank is multiplying initiatives

FACTS

• Revolut therefore officially launched its Terminal offer in Spain a few days ago. As a reminder, Revolut Terminal is, as its name suggests, a wireless payment terminal launched by Revolut to companies. It thus allows Revlout Business customers to accept payments by card, mobile, or Revlout Pay in some 19 different currencies.

• With regard to the tariffs applied, Revolut relies on competitive transaction fees, set at 0.05% + 0.02 euros per transaction.

• The neo-bank is targeting professionals in the retail and hotel markets.

ISSUES

• Continue the deployment of its offer Revolut Terminal was initially launched in October 2024 in the UK, Ireland and then in Italy to allow Revolut to expand its B2B services and compete with industry references such as Square or Sumup. The solution also reinforced the position of the neo-bank in the cash market while Revlout also presented Reader in 2022.

• Boost marketing Revolut Terminal is presented as an integrated offer in the Revolut Business range and thus offers value-added services to this customer base. In particular, traders choosing to opt for this cash collection service will be able to access their funds within 24 hours. Revolut insists on this as a promise for its target to improve its cash management.

• Benefiting from a high-potential market : The Bank of Spain estimates that the Spanish market counted more than 93 million cards in circulation in early 2024. Revolut also proposes Bizum to its Spanish customers since September 12, 2024. This integration allows users in Spain to send, receive and request money via Bizum directly from the Revolut application.

PERSPECTIVE

• This expansion in Spain is part of Revolut's overall strategy to strengthen its presence in the European B2B market and diversify its services beyond traditional banking offerings.

• Revolut is working on many projects to realize its ambitions and was also recently formalizing a new partnership with the European airline Wizz Air, in order to expand its Revolut Pay solution.

• However, the financial services market for businesses remains very coveted and involves other alternative players such as, most recently, Vivid. The German financial platform announced for example last February the launch of Vivid Business, an offer addressed to small and medium-sized enterprises, and just specified want extend its B2B offer to France, Italy, Spain, Luxembourg and the Netherlands.

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