The app's users will get a 5 - 50 percent refund on their next purchase if they pay using their Revolut card in the same place ten times, for example.
Cashless readers who use Revolut are telling us that the British fintech company is asking customers to accept new regulations which mention a “Perks” program. The description suggests it's a type of money-back program. Based on the available information we can also see that app users who pay with their Revolut card in selected stores and for some services will be able to enjoy certain perks.
What do they include? The regulations suggest that users can get back some part of the money they spend. Those funds cannot be transfered to a different account, though, and can only be used by the card's owner. When I asked Karol Sadaj, Revolut's manager for Poland, about the new “Perks” program, he said the new solution is not being rolled out yet. - There are tests that involve a small group of users in Great Britain - he explained.
My sources tell me that Revolut has not yet decided what the final shape of the “Perks” program will be. Right now, the company is testing a solution in which the user will get a refund ranging from 5 to 50 percent for their next purchase, for instance in a cafe, if they use their Revolut card there a number of times in a specified time period.
Revolut also began testing Google Pay a week ago. Some customers can already add their Revolut card to Google's app and make contactless smartphone payments. You can read Cashless's story about it here.