Revolut has today released a new in-app feature called Donations, which allows their five million customers to round up their card payments and donate the difference to three international charities.
Additionally, customers will also be able to make donations by setting up a recurring payment or making one-off donations.
Unlike many traditional banks and payment firms, one hundred percent of the amount donated by customers goes to each charity, with Revolut charging no fees to donate to their preferred charity. There is no minimum donation amount and the feature can be turned on and off by customers at any time.
ILGA-Europe, Save the Children and WWF (Worldwide Fund for Nature) have been chosen as the first three charities due to their appeal to Revolut’s global user base, each of them seeking to tackle worldwide injustices. Revolut’s association with each charity will be ongoing and the fast growing FinTech will be adding additional charities throughout the year as it rolls out this exciting new feature.
Nik Storonsky, Founder & CEO of Revolut said: “Supporting social causes is both important to us as a business, and to many of our customers. Complicated sign up processes and scary commitments can put a lot of people off, so we wanted to build a feature that would enable our customers to support good causes in a seamless and secure way.”
Anna Shepherd, Fundraising Manager, ILGA-Europe said: ““Across Europe and Central Asia we’re seeing stagnation and rollback on LGBTI equality. Now’s the time to invest in lasting and real change in the lives of LGBTI people. This is why we’re thrilled to partner with Revolut to offer seamless giving solutions, allowing users to be part of the LGBTI movement and this transformative change through their everyday transactions.”
Gemma Sherrington, Executive Director of Fundraising and Marketing at Save the Children said: “We are always looking for new and innovative ways to deliver the greatest impact for children who need it most. Together with Revolut, we’ll raise awareness and funds for our life-saving work, give children a platform to share their stories and continue doing whatever it takes to build a better future for children everywhere.”
Naomi Hicks, Director of Partnerships at WWF, said: “We are the first generation that knows we’re destroying the planet and could be the last that can do anything about it. Opportunities like this one are essential if we’re to halt and reverse nature’s decline. That’s why we’re delighted to be one of the three charities benefiting from Revolut’s ‘Donations’ to encourage Revolut’s customers to protect vital habitats and species through donating to WWF. We’re looking forward to inspiring millions to join the fight for our world.”