Revolut Pay promotes safer transactions: Revolut is launching Revolut Pay in 2025, aiming to enhance security for cryptocurrency users. This system specifically addresses rising fraud risks, significantly improving transaction oversight and user protection against common scams in the crypto market.
Pilot program shows significant fraud reduction: A 12-month pilot program revealed that enhancements to fraud prevention resulted in a 50% reduction in fraud attempts. Key improvements include advanced KYC matching, proactive fraud alerts, and a comprehensive transaction risk scoring system.