Looks like some regulatory issue. An Australian customer sent us the message, which reads as follows:As of November 21, your RevolutCard will become inactive as we do not operate in your country. We expect this to be a temporary measure and are sorry for the inconvenience.
Revolut has contacted users in several countries to warn them that funds in their accounts will disappear if not transferred to a bank by November 21. Revolut offers its customers a MasterCard to which they can load their own funds. The company's schtick is automatic payment in foreign currencies, at excellent exchange rates, a combination it pitches at travellers and online shoppers. The company's something of a “fintech” darling, claiming customers had loaded US$500m to its cards in its first ten months of operations. But The Register has now learned that the company has sent SMS messages to customers in Australia, Russia and the US advising that its service will be temporarily suspended.
