French company SnapCar will use Revolut’s payment infrastructure.
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Disruptor of digital banking Revolution has partnered with the French carpooling app SnapCar to offer instant payments to drivers.
SnapCar is a leading B2B taxi application in France, founded in 2012. It is aimed at “demanding passengers, business travelers and companies”. The firm is a partner and paying commercial client of Revolution.
For SnapCar, this means allowing drivers to be paid on demand directly in their Revolution One-click accounts in the app, without incurring any fees or commissions on international transfers or expenses.
Typically, companies like SnapCar collect fees on behalf of their drivers, with payments made on a weekly or bi-monthly basis through traditional payment systems, which Revolution said may incur further delays, particularly over the weekend.
Revolution claims to be able to “dramatically reduce” the cost of SnapCar payments to drivers.
“SnapCar is positioned as a platform aware of its social responsibility. Our first concern is to improve the driving conditions of the drivers, whom we reaffirm that they must live decently and even from their work. It’s amazing what teams can produce when they think outside the box, ”said Yves Weisselberger, Founder and CEO of SnapCar, in a statement.
Revolution launched his business accounts in summer 2017, charging users a monthly fee that varies depending on their size. Since May, the service offers a marketplace for third-party products (called Revolut Connect) that customers can use to integrate their accounts with tools like Slack, Xero, etc. Revolut said at the time that its open API lays the foundation for it to become a “full-fledged” open banking platform on which others can build services.