KNF wants control of Revolut. He asks for the supervision of the British office



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  Revolut had a major accident in early July.
Fig. Revolut

Revolut had a major accident in early July.

The Polish Financial Supervisory Authority has asked its British counterpart to closely monitor the startup of the popular bank – Revolut. This is related to the serious failure of the British company early July

The Polish Financial Supervisory Authority has no legal or operational possibility to inspect the British company Revolut for d & # 39; 39 possible improper practices likely to affect the interests of Polish customers. freedom to provide EU services and on the basis of a "European passport". Therefore, he has the right to do business in the territory of all EU Member States, including Poland. This is why the KNF has asked the Financial Conduct Authority to monitor it.

Also read: Revolut failed. Serious problems with payments, money gone

KNF had a look at Revolut about the failure of this banking startup on July 1st. During payment, the system took money but did not complete the transaction. Customers from Poland and around the world had problems – as stated in money.pl

"In connection with the situation and the increasing scale of the operations of the company, the Polish Financial Supervisory Authority has asked its British counterpart to supervise Revolut Ltd "


Source: KNF

A few weeks ago, Revolut announced that it had acquired 2 million customers in Europe, Poland being the third largest market, and is working on the launch of a free platform to invest in stocks of companies such as Apple and Amazon.

Also read Non-bank multi-currency cards – get to know them better!

Free mobile account with 25 currencies, free international transfers and free payments worldwide The operation of the services is based on a mobile application.

The Revolut customer can also make payments ns contact via a MasterCard or Visa, thus avoiding currency conversion costs to any of the 130 local currencies

. As pointed out, its customers can buy, store or exchange Bitcoin, Litecoina and Ethereum in one click.

Revolut was founded in London in 2013, entered the market two years later and has been operating in the market since 2015.

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