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Revolut launches travel booking feature Stays

Stays, Revolut’s new travel booking feature.

Revolut

London — European fintech giant Revolut is entering the travel industry.

The London-based company released a new feature called Stays on Tuesday. This allows users to book hotels and other accommodations through the app.

According to the company, customers can receive up to 10% cash back on bookings made through Revolut.

This move poses a challenge for the following travel industry giants: Booking Holdings, Expedia And trip advisor.. It is also the company’s first product launched outside the financial arena.

“We know that as the world begins to open up carefully, everyone, whether Margate or Mallorca, is desperate to escape as much as possible,” says Ribolt’s savings and lifestyle. Said Marcel Nikaji, who is in charge of the.

“We have built Stays to make it easier for people to find and book the perfect break at their ideal destination. After 18 months of endless limits and blockades, more to people. I want to offer and make more money. “

Revolut was born in 2015 as a digital-only banking and payment platform for spending time abroad without paying high currency exchange fees. The company has since expanded its offerings to develop new features in equity trading and cryptocurrencies.

The company is one of the popular “neobanks” that has emerged in Europe and elsewhere in the world, attracting primarily young customers with its sophisticated user experience and colorful banking cards.

Rivals include Monzo and Starling in the United Kingdom, N26 in Germany, and Chime in the United States.

Last week, Revolut $ 33 billion worth of monster funding rounds, The UK’s top fintech start-up and Europe’s second largest fintech. The company has 16 million users worldwide.

Revolut aims to be what is called a “super app” that offers multiple services in one interface. This trend is gaining momentum in Asia and is popular with companies such as Grab and GoTo in Southeast Asia. Alibaba And Tencent In China.

Revolut’s Stays feature will first be launched in the UK on Tuesday and will be rolled out to Europe and the US within the next few months. We only offer accommodation at this time, but will include flights, car rental and other travel options in the future.

It comes as some European countries do Tightening regulations on public life Because of fear of resurrection in the case of Covid.In stark contrast England Lifted almost all of the remaining coronavirus curbs on Monday.

Revolut launches travel booking feature Stays

Source link Revolut launches travel booking feature Stays

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