Revolut British financial technology company will launch the optimized version of its application in Azerbaijan, Trend reports via a source on the financial market.
According to the source, in the first stage, Revolut will provide Azerbaijani users with the ability to transfer money to more than 50 countries in 30 different currencies.
"When transferring funds between Revolut clients, no commission will be charged, however, when transferring to cards or accounts of other banks or payment systems, a commission in the amount of one percent will be applied. The minimum transfer amount should not be less than one dollar," the source said.
He added that Revolut's entry into the Azerbaijani market is possible not earlier than in a year.