London's Revolut app launches latest in 'easy' cash handling and transfers for UK customers

Revolut has launched GBP Direct Debits for all EEA customers with local UK account details today (November 28).

The new functionality will utilise Modulr’s Direct Debits Mandate, adding a new feature that Revolut customers can use in their everyday lives.

This new feature allows Revolut’s EEA customers with local UK account details to make all their regular GBP Direct Debit payments from their Revolut accounts.

In the past year, Revolut has launched and developed new everyday services for its growing customer base. Revolut customers have created over two million Vaults for individual or group saving.

Revolut has used Modulr’s API since 2017, which combines its API-enabled platform with authorisation from the UK’s financial conduct authority.

Nik Storonsky, CEO and Founder at Revolut, said: “Around-the-clock access to a real-time payments infrastructure is key to building any successful financial service.

“We are providing Revolut customers with an alternative digital payments infrastructure unshackled by a reliance on traditional and slow legacy banking.

“GBP Direct Debits are the latest integration, as we build towards becoming the bank of the future. With Modulr, we not only have a partner we know and trust, but one who we can work with to launch new payment products with ease.”

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