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Revolut Business has opened a waitlist for a new
corporate card set to launch in the UK early next year. The Visa-powered product targets companies with international
operations by combining spend management tools with travel, data and
subscription benefits.

Product Launch and Pricing

According to the fintech giant, Titan will launch for Revolut Business customers in
the UK at a price of £65 plus VAT per user per month. The announcement follows
Revolut Business surpassing 1 billion dollars in annualized revenue earlier
this year.

Titan runs on the existing Revolut Business platform
and adds integrated expense tools. Features reportedly include real-time expense tracking,
automated receipt matching and support for simpler reconciliation to reduce
manual administrative work for finance teams.

The card includes unlimited complimentary access to
airport lounges for cardholders. It also offers travel insurance that covers
delays and lost luggage, and provides a monthly 10 GB global data allowance
usable in more than 190 countries.

Titan gives access to business-focused subscriptions
worth up to £4,000 annually per user. Named partners include WeWork,
Perplexity, Masterclass, NordVPN and Headway.

Eligible Revolut Business customers on the Titan
waitlist will receive 10,000 bonus RevPoints for every team member who joins
Titan within 30 days of launch and stays enrolled for at least 14 days.
Customers on the waitlist will receive advance notice before the card becomes
available.

Regulators Delay Full Banking License Approval

Last year, Revolut partnered with Visa to enable instant card transfers for its business customers through the Visa Direct
system. The collaboration sought to speed up cross-border transactions by
removing delays and administrative hurdles tied to international payments.

It involved the integration of Visa Direct into
Revolut’s business platform to allow companies to send funds to more than 78
countries in under 30 minutes. The service supports over 50 currencies.

Despite making inroads in the card payment space, the
fintech giant’s ambitions in the banking space remain on hold. UK regulators recently delayed Revolut’s full banking license approval due to concerns over its risk controls
linked to rapid international expansion.

The Prudential Regulation Authority granted the
fintech a restricted license last year following a three-year wait, allowing it
to hold up to £50,000 in total customer deposits under a “mobilisation” phase
that typically lasts 12 months. Revolut has remained in this phase for 14
months now.

This article was written by Jared Kirui at www.financemagnates.com.

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