Revolut Debuts Revolut Pay in Partnership with Mercuryo to Expand its DeFi Solutions in Europe

Global fintech platform Revolut and payment infrastructure provider Mercuryo announced their partnership on February 11, 2025. The companies have come together to launch Revolut Pay.

Petr Kozyakov, co-founder and CEO at Mercuryo, says Revolut operates in over 160 countries and regularly processes many fiat transactions worth millions in fiat. This makes them an excellent gateway to the world of cryptocurrencies for many people. By integrating Revolut Pay with our On-Ramp solution, we’re offering Revolut’s clients a convenient and secure way to engage with digital assets.”

Revolut Pay is a product designed to make buying digital currencies easy on non-custodial wallets like Ledger, Meta Mask, and Trust Wallet.

It is the company’s first major foray into the decentralized finance (DeFi) market. Revolut wants to link its services to non-custodial wallets, offering customers a convenient and secure way of buying cryptocurrencies.

In keeping with the company’s vision to make financial services convenient and accessible, Revolut hopes that the new service will remove middlemen from the equation.

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Revolut Pay Features and Benefits

The service focuses heavily on user experience and offers key features to enhance product usability. It also introduces cost-effective transactions. Users are granted access to a low-cost, reliable, and safe payment method to purchase crypto from their non-custodial wallets.

The purchasing process has been simplified. Users can now purchase their preferred crypto with a single action, reducing complexity.

Mercuryo & @RevolutApp: 1-Click Crypto Purchases

We’re excited to announce that Mercuryo now supports 1-click cryptocurrency purchases with Revolut Pay! 💳

💡 What is Revolut Pay?
Revolut Pay is a fast & secure way to pay directly from your Revolut account in just 1 click ✅… pic.twitter.com/gURJjsputk

— Mercuryo (@Mercuryo_io) February 11, 2025

Advanced security measures have been incorporated within the platform. Measures, including biometric technology and passcodes, have been baked into the system to safeguard transactions.  Furthermore, users can authorize their purchases on the Revolut Pay app, ensuring a secure yet efficient process.

Those without the Revolut application must complete their purchase using their credit and debit card credentials.

The service will initially be available in the European Economic Area (EEA). Revolut Pay will offer users access to various fiat currencies, including USD, EUR, and GBP.

It includes support for 44 crypto asset purchase options, making their offerings very different from other offerings. Know Your Customer (KYC) is the process Revolut Pay uses through which newly registered users can verify and get unrestricted access to the platform’s other features in minutes.

The process uses the already established KYC framework that verifies all users on Revolut, thereby giving compliance with the set regulatory requirements while keeping the user friendly.

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Revolut Partners with Diia to Bring Services to Ukraine

The same day, Revolut also expanded its services into Ukraine. On February 11, 2025, the company announced its foray into the region. Residents can open a European Resolut account and access various financial services.

As part of this expansion, the company is also introducing a special edition Clear Sky debit card. Opening a Revolut account would enable Ukrainian residents to make instant and free P2P transfers and access competitive foreign exchange rates across 30 currencies.

We’re introducing services for Ukrainians. To celebrate, we’re launching our special edition Clear Sky debit card 🇺🇦

UK and EEA customers can get our Clear Sky debit card by donating £5 (or equivalent) to the UN Refugee Agency (UNHCR), through our Donations feature, and we'll be… pic.twitter.com/fkcbP3H8fa

— Revolut (@RevolutApp) February 11, 2025

Residents can transfer and receive money worldwide without high transfer fees. Users can also order their own virtual or physical debit card for daily use.

The company has partnered with Diia, a Ukrainian government platform, to ensure a secure onboarding process.

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