Payments company Revolut says that its users have donated “more than 1 million euros” to the Red Cross in Ukraine in the last 24 hours. It has also pledged corresponding donations of up to 1.8 million euros.
His company says the money will be used for humanitarian aid and first aid to people affected by Russia’s invasion of Ukraine.
Donations to Ukraine have been made available to Revolut users in Ireland, Lithuania, United Kingdom, Poland, Switzerland, Portugal, and Singapore. The company says that more countries will be added to the list soon.
According to Revolut, no commission will be charged for contributions. The company also announced on Friday that it has waived all regular money transfers to Ukraine.
Nick Storonsky, co-founder of Revolut, said: “Although I am from Russia and am now a British citizen, I am also Ukrainian. “My father is Ukrainian. I have family and friends all over Ukraine who I care deeply about and whom I care deeply about.
“So for me, like so many people, the idea of a war between Russia and Ukraine is not only horrifying, but almost unbelievable. I am completely distrustful and saddened to witness the violence that has transpired over the past week. “
Mr. Storonsky said that the company’s decision to donate cash was partly driven by his personal interests in the conflict.
“On Friday, we opened free instant donations to our customers in the UK, Lithuania, Ireland, Poland, Switzerland, Portugal, Austria, Bulgaria and Singapore. Our customers have donated over £1 million in 24 hours. Since then, we’ve added another 17 European countries to that list, with more to come from around the world. We also make sure that people who want to deposit money in banks in Ukraine can still do so and we have waived the associated remittance fees.
“But Revolut can still do more. So today, in solidarity with the people of Ukraine, I announce that any donations made to the Ukrainian Red Cross appeal will be taken by Revolut. For every pound or euro or złoty or franc donated by a Revolut customer for the protest, Revolut will donate again, starting today for the next 7 days, up to £1.5 million [€1.8m]. ”
The company’s head of donations, Christopher Guttridge, says the cash will make a difference for the Red Cross.
“At this critical time, our support of the Red Cross in vital humanitarian efforts enables millions of people worldwide to make immediate donations to those affected,” he said. by the invasion of Ukraine.
“We asked our customers to show that our hearts and hands go out to those affected by the ongoing crisis in Ukraine, and they have responded with incredible generosity.”
https://www.independent.ie/business/technology/revolut-to-match-over-1m-donated-by-users-to-red-cross-in-ukraine-41399360.html The uprising to match “more than 1 million euros” donated by users to the Red Cross in Ukraine