Revolut launches early salary feature in the UK and web app

[NelsonG]

Fintech startup Revolut has two new features this week. First, the company is launching a web app for its regular users — not just business users. Second, in the U.K., Revolut has partnered with Modulr to let you receive your salary a day early.

Revolut has historically focused its efforts on its mobile app. If you have a business account with Revolut, you know that you can see your past transactions and access your account from a regular web browser. But the company’s 13 million customers couldn’t access their account from a computer.

Everyone can now head over to Revolut’s web app and sign in to view their transaction history and cards. From this interface, you can freeze and unfreeze a debit card and control card features. The web app also supports account top-ups using a bank transfer, a card payment or Apple Pay (in Safari).

By default, Revolut sends a push notification so that you can authorize web browser access. But if you’ve lost your phone, you can also choose to receive a security code via email.

You’ll still have to use the mobile app to access some features, but it’s a start.

As for users living in the U.K., Revolut is doubling down on its partnership with Modulr to send your salary a bit early. Salaries made over the Bacs payment scheme will arrive a day earlier than usual — most people are paid using this method in the U.K. This is all about optimizing payment infrastructure, and it could be particularly helpful before a long holiday weekend.

This should also benefit Revolut directly as many users have been using Revolut in addition to a regular bank account. Adding features that make it easier to ditch your bank account could boost the company’s usage numbers. And that could help the company grow its card interchange fees, subscription revenue and other sources of revenue.

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