Revolut Launches Revolut Pay in Collaboration with Mercuryo to Enhance DeFi Solutions in Europe
Global fintech platform Revolut and payment infrastructure provider Mercuryo announced their partnership on February 11, 2025, to launch Revolut Pay.
Petr Kozyakov, CEO of Mercuryo, stated:
“Revolut operates in over 160 countries and regularly processes many fiat transactions worth millions in fiat. This makes them an excellent gateway to the world of cryptocurrencies for many people. By integrating Revolut Pay with our On-Ramp solution, we’re offering Revolut’s clients a convenient and secure way to engage with digital assets.”
Translation: Petr Kozyakov, CEO of Mercuryo, emphasizes the partnership’s potential to facilitate cryptocurrency access through a platform that already handles substantial fiat transactions.
Revolut Pay aims to simplify the process of purchasing digital currencies through non-custodial wallets such as Ledger, Meta Mask, and Trust Wallet. This marks the company’s significant entry into the decentralized finance (DeFi) marketplace, striving to link its services with non-custodial wallets for easier cryptocurrency purchases.
With the goal of making financial services accessible and convenient, Revolut intends for this new service to eliminate intermediaries.
Revolut Pay Features and Benefits
The service is designed to optimize user experience with several notable features, including cost-effective transactions. Users will benefit from a low-cost, reliable, and secure payment method for purchasing cryptocurrencies from non-custodial wallets.
The purchasing process has been streamlined, allowing users to complete their crypto transactions with a single action, minimizing complexity.
“Mercuryo & @RevolutApp: 1-Click Crypto Purchases” “We’re excited to announce that Mercuryo now supports 1-click cryptocurrency purchases with Revolut Pay! 💳”
Translation: Mercuryo announces support for one-click purchases using Revolut Pay.
Advanced security measures are integrated within the system, utilizing biometrics and passcodes to safeguard transactions. Users can validate their purchases via the Revolut Pay app, ensuring a secure yet efficient experience.
For those without access to the Revolut application, purchases must be made using credit or debit card details. The service is set to launch initially within the European Economic Area (EEA), supporting various fiat currencies including USD, EUR, and GBP, while offering access to 44 different crypto asset purchase options.
KYC (Know Your Customer) processes through Revolut Pay help newly registered users verify their identities swiftly, providing access to platform features with ease, all while maintaining compliance with regulatory guidelines.
Revolut Partners with Diia to Expand Services in Ukraine
On the same day, Revolut also expanded its services into Ukraine. The company announced its initiative to offer services, including a special edition Clear Sky debit card, to assist Ukrainian residents in accessing financial services easily.
The initiative allows residents to establish a European Revolut account, facilitating instant and free P2P transfers while offering favorable foreign exchange rates across 30 currencies.
“We’re introducing services for Ukrainians. To celebrate, we’re launching our special edition Clear Sky debit card 🇺🇦”
Translation: Revolut launches special services for Ukrainians, coupled with a unique debit card initiative.
Residents will have the capability to transfer and receive money globally without excessive transfer fees and can utilize virtual or physical debit cards for daily transactions.
The partnership with Diia, a Ukrainian government platform, aims to ensure a secure onboarding procedure for new users.
