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.
In Romania’s rapidly evolving real estate landscape, One United Properties is doing more than building apartments - it’s crafting aspirational lifestyles and shaping the city. “People are not just looking for an apartment - they want to acquire a lifestyle,” says Beatrice Dumitrașcu, CEO of the Residential Division, whose strategic vision has helped shape one […]
Romanian prosecutors decided on Thursday, April 24, to extend the judicial control over Călin Georgescu for another 60 days, Digi24 reported. The former far-right presidential candidate appeared at the headquarters of the General Prosecutor’s Office in the case in which he is accused, among other things, of incitement to actions against the constitutional order. ...
Romanian environment minister Mircea Fechet stated on Thursday, April 24, that the Deposit-Return System, or SGR, has reached a sufficient level of maturity to consider introducing a fourth category of packaging, namely reusable packaging. According to the minister, who was present at the "SGR in Romania" conference that day, a draft Government Decision making the […]
Coffee brand Tchibo Romania relocated its headquarters to Business Garden Bucharest, Building A, 4th floor, occupying a space of 1,130 square meters. The rental transaction was facilitated by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate alliance. “Tchibo, in the process of relocating its headquarters and consolidating its business with a new […]
In a world where customer attention is fragmented and advertising ROI is under constant scrutiny, Auchan Romania is setting a new standard for how brands connect with shoppers. “We’ve practically revolutionized the way we communicate and interact with consumers,” says Tiberiu Dănețiu, Director of Corporate Affairs & Retail Media at Auchan Romania, as he outlines […]
The hotel market in Bucharest is poised for significant growth, with over 1,000 new rooms expected to be added to the city’s accommodation capacity by 2027, according to a new report from real estate consulting company Cushman & Wakefield Echinox. This projected expansion comes on the back of a strong performance in 2024, as key […]
