Revolut’s Cash-Back Rewards Feed Hunger For London Dining

Challenger bank Revolut is partnering with more than 600 restaurants in London and is offering its card users up to 30 percent in cash-back rewards that get credited as soon as the bill is settled.

Revolut Lead Product Owner Mikael Peydayesh said in a press release on Wednesday (July 28) that the company aims to give “our customers more” as much of the world starts returning to somewhat of a pre-pandemic normal. 

“We know how challenging lockdown has been for the nation and so we wanted to create an easy way to allow our customers to get more from their money,” Peydayesh said.

The FinTech startup said it partnered with some of London’s most popular restaurants, including ROKA, Smoking Goat, Nandos and Franco Manca, along with rooftop eateries Madison, Sky Garden, Radio and others. 

Revolut Restaurant Rewards aligns with the digital bank’s goal to help people get “more out of life” and adds to its other offerings like travel perks, per the release.

“We launched Revolut Rewards last year and since then we’ve been enriching it with new partners and tools, to make it more convenient, useful and enjoyable for our customers,” Peydayesh said. 

Revolut is aiming to become a financial super app that works worldwide. Launched in London in 2015, the company initially offered money transfers. The digital banking startup now has over 16 million users worldwide who process transactions topping 150 million.

The challenger bank moved into travel offerings earlier this month with a 10 percent cash-back booking tool for its U.K. customers. Revolut Stays has plans in the works to roll out in European and U.S. cities. The company also has its sights set on becoming the one-stop tool for plane reservations, car rentals, and more.

Although there remain numerous pandemic-related restrictions as far as travel, Revolut data showed that 84 percent of respondents from France and 72 percent from Britain and Spain were willing to book a trip abroad.