Revolut, a prominent player in the fintech sector, has unveiled a notable advancement in its payment processing services tailored for British enterprises. The firm now facilitates the acceptance of American Express cards, granting businesses access to a distinguished clientele known for their elevated spending capacity. This strategic initiative aligns with Revolut’s mission to furnish cutting-edge and holistic financial solutions. By integrating American Express into its payment repertoire, Revolut aims to bolster the transaction capabilities of UK businesses while concurrently augmenting the American Express footprint within the region. Initially, this newly introduced American Express payment functionality will be accessible for digital commerce transactions via Revolut’s payment interface, Payment Links, and Tap to Pay on iPhone.
The rollout for in-person transactions is slated for later in the year, further expanding the versatility available to merchants. With this enhancement, Revolut Business now supports seven distinct payment avenues at checkout. This extensive selection accommodates a broader spectrum of consumer preferences, fostering fluid and user-friendly transaction experiences. Alex Codina, the head of Revolut Business – merchant acquiring division, expressed optimism regarding this development: “Providing businesses with an extensive range of transaction options through Revolut Business ensures a frictionless customer experience, nurturing brand loyalty and repeat patronage.
We are thrilled to introduce an economical and secure method for processing American Express payments, enabling our merchants to scale their operations and engage with new market segments.” Dan Edelman, general manager of UK Merchant Services at American Express, shared a similar viewpoint: “Revolut Business will empower even more enterprises across the UK to seamlessly accept payments from our loyal and high-value cardholders, enhancing the overall purchasing experience.” For enterprises seeking to establish a financial entity with a regulatory license in jurisdictions including the UK, our specialists are ready to offer guidance. Reach out to us today for tailored support!