While Revolut is expanding its reach in most countries, it has quietly shuttered Revolut Lite services.

According to an email sent to the customers of Revolut Lite, seen by Finance Magnates, the company will end the trimmed-down service on 20 July 2024.

“We regret to inform you that we've decided to discontinue our Revolut Lite services, effective from 20 July 2024,” the email sent to Revolut Lite customers stated. “This wasn't an easy decision to make, and we want to thank you for your support and loyalty as a customer.”

Revolut Lite is a simplified version of the full Revolut app that provides only basic functionalities, such as sending and receiving funds.

“We've made a strategic decision to focus on offering our full suite of services when launching a product in new markets,” the bank added in the email. “So when we're back, expect even more of what Revolut has to offer.”

Revolut Lite version was available in 16 countries: Armenia, Azerbaijan, Bangladesh, Chile, Kazakhstan, Kuwait, Macao, Malaysia, North Macedonia, Oman, Qatar, Moldova, Saudi Arabia, Serbia, Sri Lanka, and Vietnam.

Revolut Lite was launched for Armenia in July 2023. In September 2023 Revolut stated that “Armenians have performed thousands of money transfers using the Lite app, hitting 100 million AMD exchanged within the first few weeks of launch”.

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