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Evening Standard
Evening Standard
Business
Simon Hunt

Revolut launches card reader as it moves into physical retail market

Revolut was founded in London in 2015 by Russian Nikolay Storonsky and Ukrainian Vlad Yatsenko

(Picture: Revolut)

London fintech business Revolut has launched its first card reader as it targets the high street retail market.

The pocket-sized device, known as the Revolut Reader, is set to charge retailers transaction fees of 0.8% plus 2p and will process payments faster than the industry standard of two to three business days, according to Revolut.

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