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.
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
The European Bank for Reconstruction and Development, or EBRD, has revised its estimates regarding the evolution of the Romanian economy in 2025 downward to 1.6%. The bank expects Romania’s GDP to grow 0.2% less than the 1.8% estimate made in February, and to increase by 2.4% in 2026. Romania's GDP growth slowed to 0.8% in […]
During a meeting on Monday, May 12, the Cluj-Napoca Local Council approved a draft resolution that imposes smoking restrictions in several public spaces in the city, including public transport stations, parks, and sports facilities. The resolution was adopted with 22 votes in favor and 3 abstentions, and will come into effect 90 days from the […]
An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]
Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]
Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting. From major […]
