Revolut’s Revenues Surpass $2.2B with Record Profits of $545M in 2023
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Top Super App Stories This Week:
Revolut’s Revenues Surpass $2.2B with Record Profits of $545M in 2023
Flipkart Group Launches Payments Super App, Super.money, in Fintech Push
Telegram Founder Announces 56 Million Users in Miniapps Notcoin
DST in Brunei Launches Super App in Move Towards Cashless Society
Malaysian Government to Launch Super App for Housing Development by 2025
Revolut’s Revenues Surpass $2.2B with Record Profits of $545M in 2023
Revolut, the well-known Super App offering financial services, recently announced a significant milestone. The app, which provides a wide range of features including banking, currency exchange, and stock trading, reported record revenues surpassing $2.2 billion in 2023. This achievement underscores Revolut's growing influence and success in the fintech industry.
The financial report highlights several impressive figures. Notably, Revolut achieved a record profit of $545 million, reflecting a robust increase in profitability. The company also experienced substantial user growth, with a significant uptick in active users and transaction volumes. These numbers emphasise the app's expanding user base and the increasing adoption of its diverse financial services.
Looking ahead, Revolut plans to further enhance its platform by introducing new features and expanding into additional markets. The company aims to leverage its recent success to drive innovation and offer more comprehensive financial solutions to its users. With a strong financial foundation and ambitious growth plans, Revolut is well-positioned to continue its trajectory of success in the coming years.
Source: Revolut Newsroom
Flipkart Group Launches Payments Super App, Super.money, in Fintech Push
Flipkart, an Indian e-commerce giant, has launched a new payments app called Super.money as part of its expansion into the fintech sector. This move marks Flipkart's significant push to diversify its services and strengthen its position in the digital payments space.
Super.money boasts several standout features, including seamless integration with Flipkart’s existing ecosystem, instant money transfers, bill payments, and a user-friendly interface. Additionally, the app offers rewards and cashback on transactions, aiming to enhance user engagement and satisfaction.
Looking ahead, Flipkart plans to continuously upgrade Super.money by adding more financial services and features, such as lending and investment options. The company aims to make Super.money a comprehensive financial platform, leveraging its vast customer base and technological expertise to drive further growth in the fintech market.
Source: TechCrunch
Telegram Founder Announces TapSwap Miniapp Hits 56 Million Users
On June 25th, Pavel Durov, the founder of Telegram, announced on his personal Telegram channel that the TapSwap miniapp has quickly become popular on Telegram, with 56 million users currently. This crazy popularity was achieved within a few months without any marketing.
TapSwap is a clicker miniapp game found within the Telegram app that the TapSwap team calls a "cutting-edge financial platform". With its simplistic tap-to-earn gameplay that allows users to earn tokens by leveraging the miniapp's various mining and community engagement features, TapSwap has garnered a massive following. This virality is particularly prominent in regions with high mobile phone penetration and a growing interest in cryptocurrencies.
While the tap-to-earn model is exciting, it's still new and growing. As such, the long-term viability of TapSwap remains unclear. TapSwap allows users to explore crypto in a casual and engaging way. However, it's key to approach TapSwap with realistic expectations as the miniapp isn't a guaranteed path to riches.
Source: OKX
DST in Brunei Launches Super App in Move Towards Cashless Society
Datastream Digital (DST), a technology firm in Brunei’s telecommunications sector, has introduced a new Super App, MyDST, to promote cashless transactions and enhance financial services within the country. This initiative supports Brunei's vision of becoming a Smart Nation by digitising everyday transactions.
By revolutionising the use of technology, processes, and human resources, DST is driving Brunei towards a cashless society. The Super App empowers micro, small, and medium enterprises (MSMEs) and helps create a robust digital ecosystem through its e-wallet, facilitating seamless financial transactions, fostering economic inclusion, and providing essential e-government services to enhance efficiency and convenience.
DST’s new app includes an e-wallet for smooth peer-to-peer transfers via QR code or contact list, cashback rewards on select transactions, and efficient management of insurance and takaful services through Insurans Islam TAIB. Users can also enjoy personalized telecommunications services, including data plans and bill payments. The app further enhances the user experience with a comprehensive marketplace called 'Shop', offering exclusive food and retail items, and simplifies school fee payments through Biller services.
Source: Borneo Bulletin
Malaysian Government to Launch Super App for Housing Development by 2025
The Malaysian government is planning to launch a Super App tailored for the property sector by 2025. This innovative app aims to revolutionise the housing development industry by integrating various services and streamlining processes for users, making it a one-stop solution for all property-related needs.
The Super App is expected to include a wide range of features, such as property listings, financing options, and tools for project management. It will also provide resources for potential buyers and investors, including market analysis and legal advice. The goal is to make property transactions more transparent and efficient, benefiting both developers and consumers.
Looking towards the future, this Super App is anticipated to enhance the overall efficiency of the property market in Malaysia. By centralising services and information, it aims to attract more investment into the sector and support the government's broader housing development goals. The app is set to play a significant role in modernising the property market and boosting economic growth in the coming years.
Source: The Sun Malaysia
That's It For This Week!
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