REVOLUT HAS BECOME ubiquitous in Irish society.
What was a payments app has now evolved into a fully-fledged bank, and appears ready to threaten the established brick-and-mortar companies.
Customers can now avail of an Irish IBAN; you will soon be able to get car insurance through the app; you can already get a loan with just a few taps; and Revolut also plans to dip its toes into the mortgage market.
But are customers sold? Will more people prefer the perceived security of a bank down the road rather than an app on their phone? And is it only a matter of time before legacy banks pull their socks up and improve their digital offering?
Joining us this week is Daragh Cassidy of Bonkers.ie to discuss what’s next for Revolut – is it on track to dominate Irish banking, or will it remain nothing more than a handy app for splitting a bill? Should we start to view it as a traditional bank? And what do the latest changes mean for its customers?
The Explainer / SoundCloud
This episode was created by Laura Byrne, producer Nicky Ryan and executive producer Sinéad O’Carroll.
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