Revolut has announced the launch of a new app designed to simplify sending money abroad.

The new app, Mobile Wallets, offers “ a low-friction, intuitive process. Users send money abroad quickly using only recipient IDs such as their name alongside their phone number or email addresses,” the company said.

Using Mobile Wallets, Revolut customers in the UK and “most European countries” can send money to Bangladesh and Kenya, with plans to introduce other wallets routes in the near future.

Revolut said that countries such as Bangladesh and Kenya rely heavily on mobile wallets for transactions, with the app offering “a handy mobile payment option for expats and international students living abroad.”

Akshat Mittal, general manager for Revolut International Payments, said: "We're delighted to launch Mobile Wallets so that Revolut customers can send money in a flash. Sending money home is a problem many expats face and so it is essential to provide a service that simplifies this and facilitates affordable and convenient international money transfers.

“By continuously adapting to the evolving needs of the digital economy, we hope to continue to empower individuals and families around the world to navigate the complexities of cross-border finance with ease.”

---