Challenger bank Revolut plans to accelerate its expansion in the US by issuing a Mastercard - managed debit card . The bank has said also that it will use Mastercard technology to handle transactions . Visa will manage most of Revolut 's non - US cards . The digital bank is signing as many as 900,000 new users each month but has yet to generate a profit and is in talks about a new funding strategy .
Challenger bank Revolut plans to accelerate its expansion in the US by issuing a Mastercard-managed debit card. The fintech has said also that it will use Mastercard technology to handle payments. Visa will manage most of Revolut's non-US cards. The digital bank is signing as many as 900,000 new users each month but has yet to generate a profit and is in talks about a new funding round.