UK - based digital banking start - up Revolut will launch its payment platform in the US by the end of 2019 through its partnership with Mastercard . The deal will give access to Mastercard 's network in 210 countries with a partnership on a minimum of 50 % of all existing and future European Revolut cards . The announcement follows a similar agreement with Visa as part of the company 's global expansion plans . The fintech intends to undercut established banks by offering accounts and local transfers for free , but it could face an uphill challenge in the US , where firms like Robinhood already have a head start .
UK-based digital banking start-up Revolut will launch its payment cards in the US by the end of 2019 through its partnership with Mastercard. The deal will give access to Mastercard's network in 210 countries with a partnership on a minimum of 50% of all existing and future European Revolut cards. The announcement follows a similar agreement with Visa as part of the company's global expansion plans. The fintech intends to undercut established banks by offering accounts and local transfers for free, but it could face an uphill challenge in the US, where firms like Robinhood already have a head start.