Skip to content

Sign Up

or

Forgot Password?

Don't have an account?

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account?

Revolut enables touch-free payments with QR codes feature launch

Revolut enables touch-free payments with QR codes feature launch

Last updated: Apr 3, 2021

One of the largest UK challenger banks, Revolut, has introduced Payment Links to its Revolut Business clients to simplify online payments. The new feature enables business owners to accept payments ‘straight away’ with QR codes.

To initiate a payment request, merchants need to use the Revolut Business app to generate a barcode alongside the preferred currency and amount the customer should pay.  They will then show the code to customers, and scan it with their smartphone camera. 

Customers will receive a prompt to pay with Apple Pay, Visa, or Mastercard and complete the transaction from their devices.  Merchants will no longer request email addresses or phone numbers while enabling payments. 

This approach ensures all payments are touch-free to help business owners adhere to social distancing regulations amid the Covid-19 pandemic. Revolut notes that:

“In the world of social distancing, every in-person interaction should put our health and safety first. With QR codes, nothing has to touch – you can simply show the code, and your customer can scan it while still maintaining a reasonable space between you. No more cash or entering a pin into a card terminal. With real-time notifications, you’re also able to ensure that payments are successful while still with the customer.”

Instant payments

According to Revolut, QR codes eliminate the need for additional hardware to make payments. Moreover, this payment solution is instant, meaning funds are transferred into the merchant’s account and cleared immediately. 

The launch of Payment Links is part of Revolut’s current expansion plan. Recently, the company began offering US dollar and British pound savings accounts for UK users. The new features are geared towards making Revolut attain the status of ‘super financial app.’ 

Latest posts

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Last updated: Apr 3, 2021

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.