Revolut ditches Wirecard for in-house card issuing
As reported earlier, Revolut is doing the same to card processing, having developed its own payment processing engine. Previously, this was done by another third party, Global Processing Services (GPS).
Revolut suffered a string of payment outages last year caused by technical issues at its providers – customer cards were declined and payments were rejected. The same issues plagued other fintechs who relied on the same paytech providers, including Monzo, Starling, Fire, Pockit, U Account, Curve and Loot.