British digital bank Revolut has officially launched in South Africa, offering its full range of banking services entirely through its app. Customers can access international payments, currency exchange, cryptocurrency trading, and budgeting tools, all from their smartphones. But there are risks. Revolut still awaits full regulatory approval, has no physical branches, and international users have reported frozen accounts and slow support. Cybersecurity threats and hidden fees are also concerns, and local integration with payroll or bills may be tricky too.
January 14, 2026 103
