Digital banking platform Revolut to launch in five more countries

Digital banking platform Revolut said it was launching a streamlined version of its app in Sri Lanka, Chile, Ecuador, Azerbaijan and Oman in the next few months, allowing customers to transfer money to over 50 countries using more than 30 currencies.

The London-based company said there would be no fee for customers transferring to other Revolut customers, while transfers to non-Revolut accounts would incur a 1% fee, with a $1 minimum, in the five new countries.