Although Revolut is not yet available in Kenya, the company is currently working on securing a banking license that would allow them to operate in the country. In the meantime, Revolut users can still enjoy some of the app's features, such as instant money transfers and cryptocurrency investment.
So, can you use Revolut in Kenya?
Yes, you can use Revolut in Kenya. Although it's not yet available in every country in Africa, you should be able to use Revolut in most major cities. You can use your Revolut card for all transactions and withdrawals in Kenya Shillings. You can now use your Revolut card for purchases and withdrawals at ATMs in Kenyan Shillings. So if you're looking for a way to save on international money transfers, Revolut is definitely the way to go.
What is Revolut?
Revolut is a banking app that offers worldwide spending and transfer capabilities in real-time. Revolt has two licenses, one from Lithuania which covers all of Europe because it's part EU plus they have operations throughout Poland apart from other countries like Bulgaria. Croatia Estonia Cyprus Greece Latvia Malta Romania Slovakia Slovenia Mongolia However, if we're talking about the United Kingdom & US, then those too should be on your list!Nikolay Storonsky, a former trader at Credit Suisse and the founder of Revolut, wanted to make banking more accessible for everyone. As an alternative, he created this platform in July 2015 that features pre-paid cards users can top up via bank transfers or with their existing credit or debit cards, as well as instant money transferring options through its app. Users are also able to request payments from friends within their network when they're not online!
In an effort to offer its users more opportunities for investing in stocks and other investments, Revolut recently added cryptocurrency trading features.
How does Revolut work?
When you open a Revolut account, you are issued with a Mastercard or Visa card that is connected to the app. You can use this card for purchases and withdrawals in any currency, and the app will automatically convert the amount to your chosen home currency.You can also use the app to transfer money to other Revolut users or to bank accounts. The process is simple and only takes a few seconds.
Revolut uses state-of-the-art security measures to protect your money. All data is stored on servers that are protected by firewalls and encrypted with military-grade encryption.
The Revolut card is a multi-currency debit/credit card that works like any other Visa. Simply top up your account with funds from another currency, and you’ll be able to exchange 28 different currencies within the app!
When making purchases at retailers who accept visa payments automatically deducts out of whichever one has lowest value - so there are never insufficient funds or unexpected conversions during payment processing since both sides know exactly how much they need before starting their transaction. If someone buys something but doesn't have enough Australian dollars on hand (their "base" currency), then all remaining debts will get converted first using live rates then taken care of.
You can also use the Revolut app to transfer money to other Revolut users or to bank accounts. The process is simple and only takes a few seconds. To send money to another Revolut user, all you need is their email address or phone number. The recipient will then receive a notification to claim the money.
To send money to a bank account, you will need the recipient's bank details. The process is simple and only takes a few seconds.
What are the benefits of using Revolut?
There are many benefits of using Revolut, including:- The ability to send money to other Revolut users or to bank accounts quickly and easily.
- The ability to exchange 28 different currencies within the app.
- State-of-the-art security measures to protect your money.
- The Revolut card is a multi-currency debit/credit card that works like any other Visa.
- The ability to make purchases at retailers who accept Visa payments.
Frequently Asked Questions (FAQ)
Can I use Revolut in Kenya?Yes, you can use Revolut in Kenya. All you need is a smartphone and an internet connection. Revolut is available on iOS and Android devices.
How do I send money to another Revolut user?
To send money to another Revolut user, simply go to the ‘Send Money’ tab and select the person you want to send money to. Enter the amount of money you want to send and hit ‘Send’.
How do I withdraw money from my Revolut account?
To withdraw money from your Revolut account, go to the ‘Withdraw’ tab and select your desired withdrawal method. Enter the amount of money you want to withdraw and hit ‘Withdraw’.
How do I add money to my Revolut account?
To add money to your Revolut account, go to the 'Add Money’ tab and select your desired payment method. Enter the amount of money you want to add and hit 'Add Money’.
Is there a limit to how much money I can send with Revolut?
Yes, there is a limit to how much money you can send with Revolut. The limit is £5,000 per transaction.
Is there a limit to how much money I can withdraw with Revolut?
Yes, there is a limit to how much money you can withdraw with Revolut. The limit is £500 per transaction.
Is there a limit to how much money I can add to my Revolut account?
Yes, there is a limit to how much money you can add to your Revolut account. The limit is £10,000 per transaction.
What is the exchange rate for Kenya?
The current exchange rate for Kenya is KES 100 = GBP 0.50.
How do I contact Revolut customer support?
If you need to contact Revolut customer support, you can do so by going to the 'Help’ tab and selecting 'Contact Us’. Alternatively, you can email support@revolut.com.
