CTT wins contract to distribute more than 200 thousand Revolut cards in Portugal and Spain

  • ECO News
  • 9 December 2019

CTT will deliver Revolut cards throughout the Iberian Peninsula. Mail company estimates to distribute more than 210 thousand objects per year.

Correios de Portugal (CTT) won the contract for the distribution of Revolut’s bank cards, which anticipates the delivery of over 210 thousand objects per year throughout the Iberian Peninsula.

The contract concerns urgent card delivery orders from the international fintech, which in Portugal is led by Ricardo Macieira, and predicts the use of CTT’s e-Segue offer, aimed at companies that ship to private customers.

“This new contract with a major customer such as Revolut is further proof of the trust that companies have for CTT and in the adaptability of the company’s offer, which is appropriate for highly demanding customers who trust CTT to deliver such important items as their bank cards,” underlines João de Sousa, manager of the post office company, in a statement distributed by the newsrooms.

For Revolut, the partnership with CTT is another step in the adaptation to the Portuguese market. “We hope to continue to ensure minimum delivery times for our customers to use their Revolut cards daily and thus achieve greater control of their financial life,” said Ricardo Macieira, country manager of technology in the financial sector in Portugal.

Revolut has been conquering users in Portugal and, according to the CEO and founder of Revolut, Nikolay Storonsky, to ECO, expects to reach one million customers “soon”.

The CTT reached September with profits of almost 23 million euros, double what it had achieved a year ago.