Revolut, donations arrive to round up payments by making charities
Revolut has just introduced a fresh feature called Donation, which enables service customers to complete paper-based payments that make up three of the most significant global charitable schemes, ILGA-Europe, Save the Children, and WWF. Users can donate with periodic, weekly or monthly donations from time to time, all without commissions. The company promises to donate 100% of the donation, no minimum thresholds are available and the feature can be deactivated at any time.
Nik Storonsky, CEO of Revolut, commented on the news: "Supporting social causes is essential for us as a business and for many of our clients. Complex registration procedures and long-term obligations can make individuals give up doing good, which is why we wanted to introduce a feature that enables individuals to donate readily and safely." Revolut chose ILGA-Europe, Save the Children and WWF to inaugurate. In the coming months, the collaboration between the three companies and Revolut will continue and more will be added by the end of the year.
Who are Revolut? Founded in 2015 by Storonsky and Vlad Yatsenko (of Credit Suisse and Deutsche Bank), Revolut is a firm aimed at serving traditional banks as a digital option. The app enables you to invest and move cash at the interbank exchange rate overseas and has attracted around 5 million clients in Europe since the start. We have budget control, expenditure settings, savings parameters and cryptocurrency exchange feature among the most interesting characteristics of the app.
On the other side, the three charities are distinct for the reasons: ILGA-Europe is also active in Europe as a platform for political, legal and social defense that brings together about 600 distinct human rights organisations. Instead, Save the Children seeks to safeguard and safeguard kids where they are at danger for kids and their development. Instead, WWF is a nature protection organisation that counteracts the causes of its decrease (such as climate change).