Revolut, the global financial app with more than 50 million customers worldwide, has today announced expansion of its services to Ukrainians along with a new international donation campaign for Ukraine which features a special edition Clear Sky card.
Starting today, Ukrainian residents will be able to seamlessly open a European Revolut account and experience an array of innovative products like sending instant, fee-free P2P transfers to each other. Revolut's account will offer Ukrainian customers foreign exchange and remittance capabilities in 30+ currencies, including competitive exchange rates when spending with card or sending money abroad and borderless money transfers worldwide, free between Revolut customers. This means that Ukrainian residents can now send and receive money from their friends and family abroad without worrying about expensive transfer fees. Ukrainian customers will also be able to order virtual and physical debit cards. To ensure a secure onboarding process for Ukrainian users, Revolut has partnered with Diia, Ukraine's award-winning e-government platform.
Over 700,000 Ukrainian people residing in the UK/EEA already use Revolut services. Since 2022 over 1 billion euros have been transferred to Ukraine using Revolut, with most of the funds being transferred from Germany, UK, Ireland, Poland and Netherlands.
The new special edition Clear Sky VISA debit card, an inspiring creation by Revolut's talented Ukrainian design team, mirrors the Ukrainian flag with a transparent blue and powerfully symbolises the hope for a clear and safe sky over Ukraine. A special edition card is available to order for Revolut customers in the UK, across EEA, and in Ukraine. UK/EEA customers will have to donate a minimum of €/£ 5 to get the card unlocked, while Ukrainian customers will be able to order the card without making a donation. Revolut will match donations from customers, up to £200,000.
100% of donated funds will go to Revolut’s charity partner, UK for UNHCR, the UN Refugee Agency, which provides extensive support to Ukrainians displaced by the war, both inside Ukraine and in neighbouring countries. According to UNHCR latest data, 3.7 million people are currently displaced within Ukraine and 6.7 million Ukrainians remain abroad, having fled the war as refugees and asylum-seekers in need of humanitarian assistance and support. UNHCR provides Ukrainian refugees protection and essential aid, to help with things like emergency cash assistance and shelter repairs.
Vlad Yatsenko, Co-founder and CTO of Revolut said: "I am immensely proud of Revolut’s continuous support for Ukraine. A record number of Ukrainians have joined our waiting list to be among the first to get their Revolut account. Interest in Revolut and digital banking services is soaring in the CEE region. Starting today Ukrainians can open a Revolut account and access our most popular products, with even more coming soon.”
Dmytro Strelchuk, Revolut’s Head of New Markets Launch said: “We are delighted that our technology will allow Ukrainians to open European bank accounts. It will facilitate free and instant money transfers across Revolut’s global community of 50 million users and will help to increase the flow of funds into Ukraine for people who want to support their families and relatives at this challenging time.“
Since the outset of the full scale invasion to Ukraine, Revolut helped to raise over £10M for the Red Cross Ukraine appeal, including a £1.5M company’s donation. Revolut has also partnered with various charities in the UK and EEA to help with crisis relief efforts.
Revolut services for Ukrainian residents are provided by Revolut Bank UAB, based in Lithuania and supervised by the European Central Bank and Bank of Lithuania.