According to a report by ECO, Portuguese will be able to invest in money market funds in euros, dollars and pounds, with the company aiming for yields of up to 4% in these funds through a new savings product from the company. Ignacio Zunzunegui stated that however, these products carry a higher risk than deposits, as they do not have guaranteed capital (until very recently, some of these funds had negative interest rates).
Aware that the Portuguese prefer the MB Way application, which is controlled by Sibs and owned by the largest banks, Revolut continues to negotiate with the competition to allow Revolut cards to be added to the platform. Ignacio Zunzunegui said he was directly involved in the talks and was confident that they would also reach a successful conclusion soon.
Finally, in terms of human resources, the company will maintain a hub in Matosinhos, where it employs 1,200 people, according to ECO. Ignacio Zunzunegui pointed out that 20% of Revolut's workers globally live in Portugal and ruled out any intention to proceed with redundancies, as has happened with other technology companies.