Europe’s most valuable fintech will now enable Revolut Pay for Google’s agentic commerce solution, while also making strides in Latin America and Eastern Europe.
Revolut Pay has become the first payment service in the European Union (EU) to be integrated with Google’s agentic commerce solution; Agent Payments Protocol (AP2).
Announced on January 19, Revolut users will gain access to a new ‘one-tap checkout solution’ when using AI agents to assist them during their shopping journey. AP2 will provide its payment agnostic framework to support the checkout process.
Both Revolut Business merchants and Revolut Pay users will be redirected to the checkout through AI prompts to select Revolut Pay. Revolut has also worked with Google to enable account-to-account (A2A) payments as an additional payment method for AP2.
These AI-based payments are backed by Revolut’s payment infrastructure, which ensures transactions are tracked with fraud monitoring and conversion rates for merchants.
Revolut Business merchants can utilise agentic commerce to become more visible as AI agents can perform quick, refined searches to suit the consumers’ needs and preferences.
Revolut also revealed Revolut Pay is now compatible with “any (AI) agent”, suggesting the payment method can be used during the agentic commerce journey with other AI apps, such as OpenAI.
“The future of shopping isn’t a website; it’s a conversation. We aim to move beyond the click-and-pay model to a world where your AI assistant streamlines the checkout for you,” said Alex Codina, General Manager of Acquiring at Revolut.
“By enabling Revolut Pay for Agentic Commerce, we are aiming to make our customers’ favourite, most secure payment experience the standard for AI-driven transactions. This will ensure speed, trust, and absolute zero friction for the next generation of digital buying.”
Revolut’s expansion into Peru and Turkey
Revolut also announced yesterday (January 19) its intentions to secure a banking licence in Peru after applying with the Superintendencia de Banca (SBS).
Julien Labrot has been appointed as Revolut Peru CEO in preparation for the banking licence process and to lead local operations.
The UK digital bank views Peru as a market primed for growth, with a smartphone population close to 100% but a “significant portion of the adult population remaining underbanked”.
In the coming months, Revolut confirmed it will expand its Peru operations through hirings from across the world. Peru becomes the fifth Latin American market to announce expansion plans for, after Brazil, Argentina, Mexico and Colombia.
“Our focus is on bringing the best of Revolut to the Peruvian market while building a secure and compliant platform that genuinely serves the needs of our future customers,” said Labrot. “We are here to contribute to the digital transformation of financial services, working closely with regulators to offer a long-term, trusted world-class banking solution for individuals and businesses alike.”
Revolut is also reportedly in talks to acquire Turkish digital bank FUPS to expand its digital payment services across the country.
People familiar with the matter told Bloomberg, who reported the interest in FUPS on January 7, would be subject to approval from financial regulator BDDK.
Turkey, like many markets, has increasingly become a digital native country. According to Yahoo Finance, digital wallet payments reached over $15bn in value last year, as consumers have become one of the leading Eastern European countries for digital wallet adoption, with payment methods such as request-to-pay also gaining traction.
