Revolut, the London-based fintech company known for its cryptocurrency services, has launched business accounts in Australia with a focus on international payments. The company is reportedly seeking a banking license in the country to provide a comprehensive financial management platform for users. The multi-currency business accounts come equipped with physical and digital cards, real-time spending reports, and support for multiple users, allowing small and medium businesses in Australia to conduct up to 75,000 AUD ($49,950) worth of foreign currency exchanges per month. Revolut aims to meet the needs of local businesses seeking efficient cross-border payment solutions while expanding its product offerings within the Australian market.
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