Point is that the economics aren’t there in Europe as was mentioned above - exceptions exist for eg Amex where your issuer is also the card network.
So somewhere along the way Revolut would have had to issue “uneconomic” cards, cross subsidised by other offerings, metal/ultra etc.
Maybe not loss making as a whole but loss making as a product. Prob not much available online but maybe some ex rev connections reading this who can verify (:
@emilylai@bartomolina They same way uber offered reasonably priced taxi alternatives for a long time. They took the hit and expanded to other verticals to cover the losses
The Way of War is
A Way of Deception.
When able,
Feign inability
When deploying,
Appear not to be
When near,
Appear far
When far,
Appear near
Lure with bait
Strike with chaos.