Revolut now operates across more than 30 countries
Revolut says goodbye to a major market. Source: pexels.com
Revolut, the UK-based startup, is leaving the Canadian market from March 2021, according to BetaKit.com.
Effective 29th March, users will not get access to the account top-up services. And from 12th April, physical card ordering will not be available while Revolut account access will be unavailable from 15th May. Customers have the option of using the remaining balances before then. However, if this deems impossible, Revolut will issue refunds in full.
Hello! We very much appreciate the loyalty of our customers but with great regret we are closing our Canadian operations for the time being. We hope in the future we’ll be able to return to Canada – offering the full suite of Revolut services.
— Revolut (@RevolutApp) March 15, 2021
Since 2019, the startup has been working towards the launch of Canadian services. In November 2019, Revolut began the provision of early accounts to Canadians before the official launch. However, the launch did not materialize.
Hello! We hoped very much to be able to continue this service but we are not able to offer the range of services we had hoped at this stage. We very much hope to be back in the future. Stay tuned????
— Revolut (@RevolutApp) March 15, 2021
We’ve reported that Revolut shifts to a permanent remote working model.
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