Rêv Launches Multi-Currency Digital Wallet App for Itaú Private Banking Clients | national

AUSTIN, Texas and SÃO PAULO–(BUSINESS WIRE)–February 10, 2022–

Today, Rêv Worldwide, Inc. (“Rêv”), a payment product innovation company, announced a partnership with Banco Itaú International with the official launch of Itaú Global Wallet, a digital payment account based on an app available exclusively for Itau International Private Bank. clients. The Itaú Global Wallet program was developed by Rêv on its proprietary multi-currency payment processing platform and is branded Mastercard. Itaú is the largest bank in Latin America and the seventh largest bank in the world, with private banking clients in Brazil and in international markets.

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Itaú Global Wallet, by Rêv, a multi-currency digital and physical payment product for international users. (Photo: BusinessWire)

The Itaú Global Wallet is quick and easy to load from customer’s overseas accounts at Itaú Private Bank, allowing users to instantly transfer funds to their Global Wallet account which is linked to a personalized Mastercard debit card. The program also includes access to a virtual Mastercard for online purchases, as well as real-time exchange functionality in seven currencies, including US Dollar, British Pound, Euro, Swiss Franc, the Japanese yen, the Canadian dollar and the Brazilian real. The Itaú Global Wallet Mastercard card(s) can also be added to Apple, Samsung and Google mobile wallets. As an industry first, the program offers personalized private banking customer service without the annual fees and interest charges often associated with premium credit cards.

“Today more than ever, private banking clients around the world expect the best products and services available on the market, so we couldn’t be more proud to have been selected by Itaú to provide a solution that meets the needs of their customers,” said Roy Sosa, President and CEO, Rêv Worldwide, Inc.

The Itaú Global Wallet comes at a time when banks around the world are facing even greater competition from challenger banks, offering robust functionality available through innovative digital experiences.

According to a report by Swiss digital banking technology provider Banking, Payments: Context (BPC) and Dutch fintech consultancy Fincog, in recent years digital banking in Latin America has grown exponentially. The number of digital banks has more than doubled to around 52 neo-independent banks in 2021. Brazil leads the region in both industry development and consumer adoption. Of the 52 neo-banks identified, 24 are Brazilian, and out of 77 million neo-bank customers in 2021, 63.5 million are located in Brazil, or 82.5% of the region’s total neo-bank customers, according to the study.

“As the development of innovative financial services continues to evolve at a rapid pace, we remain focused on providing what our customers need to meet their financial service expectations. The Itaú Global Wallet product fits this strategy well,” said Fernando Beyruti, Global Head of Itaú Private Bank.

Itaú Global Wallet is available now, by invitation only, to qualified Itaú Private Bank customers who download the Itaú Global Wallet app, available from the Apple and Android app stores. There is no credit request, as invited customers are automatically eligible. The Itaú Mastercard debit card available is issued by Moorwand Limited pursuant to a license from Mastercard International. Moorwand Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN: 900709) to issue electronic money and payment instruments. The account has no interest charges, no monthly or annual fees and no currency conversion fees. For more information about Itaú Global Wallet, visit Itaúglobalwallet.com.

Rêv offers exclusive payment products and services in foreign markets, including Europe, Australia, Brazil and the Middle East.

About Rev.

Rêv is a fintech company, founded by prepaid debit industry pioneers Roy and Bertrand Sosa, dedicated to delivering innovative payment experiences to consumers around the world. Its solutions are built on the company’s multi-currency, multilingual payment processing platform. With extensive experience in developing a number of payment industry firsts, Rêv focuses on the general banking, international and travel sectors. Rêv has partnered with companies around the world to launch products in North America, Latin America, Europe, the Middle East and Asia-Pacific. Learn more at revworldwide.com.

Itaú Private Bank

Itaú Private Bank has over 20 years of expertise in wealth management, focusing on Latin American clients. Its services include a global investment platform and a highly qualified team located in Brazil, USA (Miami), Portugal, Switzerland, Bahamas, Chile and Paraguay. It has been recognized since 2009 and has been voted best private bank in Latin America for 8 consecutive years (Best Private Bank in Latin America, PWM | The Banker & Outstanding Global Private Bank Latin America, Private Banker International).

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CONTACT: Dream in the world

Kuki Bastos

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SOURCE: Rev Worldwide, Inc.

Copyright BusinessWire 2022.

PUBLISHED: 02/10/2022 09:10 AM/DISC: 02/10/2022 09:11 AM


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