The British fintech startup Revolut is becoming available to Ukrainians in the EU from Monday, March 14, the Ministry of Digital Transformation of Ukraine announced on its Telegram channel.

"The company has simplified many of the requirements for creating an account, and also waived a number of fees for currency exchange and account replenishment, and provided the opportunity to access your money by linking the program to a Ukrainian bank account. Friends and relatives in Europe also will be able to quickly and safely transfer money," the Ministry of Digital Development said.

The ministry said that opening an e-money account in the EU usually requires proof of the right to reside in Europe. The company has simplified this requirement so that as many Ukrainians as possible can create an account to access their funds.

"In the Revolut mobile app, one gets a virtual bank card that is convenient to use anywhere in the world. One can pay from the card in the local currency of the country where you are, or withdraw the necessary cash. This is very convenient due to the low interest on currency conversion. Also other functions will also be available: instant money transfers between cards, spending analytics, money transfers abroad," the ministry said.

As reported, Revolut became a resident of Diia.City in February 2022 and announced plans to open more than 100 technical vacancies in Ukraine in 2022.