In 2023, the firm processed almost 74,000 transactions per hour for its Romanian retail customers. Revolut Bank UAB, licensed by the European Central Bank and regulated by the Bank of Lithuania, operates in 30 EU markets. Revolut, the British fintech company, has joined the British-Romanian Chamber of Commerce (BRCC), https://www.financemagnates.com/ informs. This organization promotes trade and investment between the United Kingdom and Romania. Revolut has over 40 million retail customers worldwide, including more than 3.5 million in Romania. Revolut Joins BRCC Revolut's services are popular among Romanians, with an adoption rate of 43% among the working-age population. As a BRCC member, the company aims to explore new market opportunities for its acquiring and business-to-business products. Revolut also seeks to reinforce its commitment to the Romanian market as a service provider, employer, and economic contributor. Revolut plays a role in supporting the connections between Romanians in the UK and their families back home. The company’s technology facilitates easier, faster, and more affordable money transfers. Its financial products and services help customers manage various aspects of their financial lives. Gabriela Simion, General Manager of Revolut Bank UAB Branch in Romania, stated: “As a British company established 9 years ago in London, Revolut is a success story in Romania and a beloved brand in the finance industry for millions of local customers." "Since entering the local market, Revolut has been well-received by Romanian clients. Through innovation and a focus on user experience, we have built a financial bridge between the UK and Romania. UK-Romania Money Transfers Romanians use Revolut for a variety of financial activities. These include sending and receiving money, currency exchange, making payments, saving, lending, investing, and managing family budgets. In 2023, Revolut processed nearly 74,000 transactions per hour for its Romanian retail customers. The UK is the main source of international money transfers to Romania via Revolut, with about 600,000 transactions per quarter. In the business segment, Revolut Business customers can link their accounts to Revolut Reader and access various tools. These include local and international payments, foreign exchange at interbank rates, payment requests, expense management, subscriptions, company cards, and payroll. In Romania, Revolut operates through its banking entity, Revolut Bank UAB. This institution is licensed by the European Central Bank and regulated by the Bank of Lithuania. Revolut Bank UAB has expanded its banking license across multiple EU markets and now operates in 30 markets within the European Economic Area, serving over 30 million customers.
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
A moose has been unexpectedly spotted in the Hunedoara county area, specialists from the conservation group Rewilding Romania announced on Wednesday, December 10, sharing footage of the animal on social media. The sighting is considered “an important discovery for Romania’s wildlife,” though experts caution that it remains unclear how the animal reached this region. According […]
Trade unionists will continue to require the Presidential Administration to mediate the conflict with the government on issues such as the minimum wage or the collective labour agreement, said Bogdan Hossu, president of the Cartel Alfa trade union confederation, as reported by
Prime minister Ilie Bolojan said on Wednesday, December 10, that Romania’s state budget for 2026 will be adopted only at the end of January, citing the need for Parliament to first approve legislation required to ensure predictability and compliance with the country’s deficit targets. His comments came as the government has been working to align […]
