Revolut Singapore has released a new in-app feature called Donations. It allows you to round up card payments, donating the difference to three charities – Singapore Red Cross, Club Rainbow (Singapore) and the Singapore Cancer Society. You can even make a one-time donation or set up a recurring donation to the charities, which you can terminate at any time.
One hundred percent of your donations will go directly to the charities. Revolut will not charge any transaction fees unlike other platforms.
“Supporting social causes is both important to us as a business, and to many of our customers. Complicated sign up processes and scary commitments can put a lot of people off, so we wanted to build a feature that would enable our customers to support good causes in a seamless and secure way.”James Shanahan, CEO of Revolut Singapore
“The Singapore Red Cross is pleased to partner with Revolut Singapore in this meaningful initiative. Through the Revolut app, donors will be able to round up their spare change and donate them to a charity of their choice. This small act of convenience has the potential to translate into big changes for our beneficiaries.”Benjamin William, Secretary General/CEO, Singapore Red Cross
“Covid-19 has impacted our fundraising efforts and the well-being of cancer patients in our cancer community significantly. Despite these challenges, SCS needs to continue raising funds to provide holistic care and support for those impacted by cancer. With the support of Revolut Singapore and the public, SCS will be able to better serve beneficiaries and continue to strengthen efforts to ‘Minimise Cancer and Maximise Lives’. ”Albert Ching, CEO, Singapore Cancer Society
Revolut will be onboarding more charities onto its platform during the course of this year.