Wednesday 17 July 2019

Revolut customers unable to top up on banking app due to 'technical issues'

Revolut’s card and mobile phone app. (Photo provided by Revolut).
Revolut’s card and mobile phone app. (Photo provided by Revolut).
Louise Kelly

Louise Kelly

Revolut customers were unable to top up using the online banking app on Friday morning

The London-based fintech - which boasts more than 200,000 Irish users - said they were facing "some technical issues".

"Our engineers are on the case and we will update you as soon as possible. Card payments are currently processing normally," a statement read.

However, app functionality was restored within less than a two hour time frame.

The development follows the recent resignation of the company's chief financial officer (CFO).

Former JP Morgan employee Peter O’Higgins, who joined the digital bank in 2016, left the company at the start of the year.

The London-based banking company has insisted that Mr O’Higgins’s resignation had nothing to do with recent concerns raised over compliance.

Last December, Revolut took the first step to bringing its full current account service to Ireland after securing a European banking licence in Lithuania.

The licence will allow the alternative to traditional banks to offer full deposit and credit services, including overdrafts, personal loans and term deposits.

Revolut said it expected to launch current account and other services here by the end of 2019.

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