Revolut Launches BillPay Service, Expands Business Offering Globally

Revolut has introduced a new bill payment service tailored for business customers. BillPay integrates seamlessly with popular accounting software, including QuickBooks, Xero, and FreeAgent, allowing users to manage and pay bills to suppliers in over 150 countries.

This launch aligns with Revolut’s strategy to expand its business services, with Revolut Business now operating in 40 countries, following its recent entry into Singapore. The company reports that global revenues from this segment have surpassed €461 million.

In Ireland, Revolut’s monthly transaction volumes have reached €774 million. The fintech is onboarding over 20,000 companies each month, with hundreds of thousands of active businesses already using its platform. In Ireland alone, around 550 new active businesses are added each month.

James Gibson, Head of Revolut Business, commented, “Driven by our experience with millions of retail customers, Revolut Business is experiencing rapid growth. Over the past year, we’ve made significant progress in our mission to become the leading finance automation system for businesses, and we’ve recently expanded to Singapore.”

“With a strong and growing customer base, we’re intensifying our focus on B2B and are poised to revolutionize banking for even more businesses globally.”

Revolut currently serves 2.8 million customers in Ireland.

Source: https://www.rte.ie/news/business/2024/0904/1468191-revolut-launches-bill-payment-service-for-businesses/#:~:text=Revolut%20has%20launched%20a%20new,150%20countries%2C%20the%20company%20says.