Revolut vs Wise

June 04, 2023 | Author: Sandeep Sharma
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Revolut
Revolut Ltd is a UK financial technology company that offers banking services including a prepaid debit card, fee free currency exchange, commission free stock trading, cryptocurrency exchange and peer-to-peer payments.
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Wise
Enter how much you're transferring and where to. You can send to your own account abroad or another person or business. Banks charge a lot for overseas transfers. We don't. Transfer money abroad easily and quickly with our low cost money transfers.

Revolut and Wise (formerly TransferWise) are both digital financial platforms that provide international money transfer services, but they differ in certain key aspects.

Revolut is a comprehensive financial app that offers various services beyond money transfers, including currency exchange, banking features, budgeting tools, and even cryptocurrency trading. It provides users with a multi-currency account, a physical or virtual debit card, and additional features like expense tracking and travel insurance. Revolut also offers premium subscription plans with added benefits and perks.

Wise, on the other hand, is primarily focused on international money transfers and provides a transparent and cost-effective way to send money abroad. It offers competitive exchange rates and low fees, with full transparency on the charges involved. Wise also provides local bank account details in multiple countries, making it convenient for receiving payments in different currencies. Users can also hold and manage multiple currencies within their Wise account.

See also: Top 10 Online Payment platforms
Author: Sandeep Sharma
Sandeep is a marketing expert with a wealth of knowledge in various domains: customer relationship management, social media management, advertising, search engine optimization, website building, Sandeep has established himself as a multifaceted professional. He honed his skills while working at Salesforce and Hubspot, where he gained invaluable insights into the industry. Now, as the proud owner of a small advertising consulting agency, Sandeep continues to provide innovative and effective strategies to businesses, helping them thrive in the competitive landscape of digital marketing. You can contact Sandeep via email sandeep@liventerprise.com