Digital banking giants like Revolut, one of the world’s fastest-growing applications, have no presence yet in the UAE. But you can still use it by simply creating an AED account and using it to pay everywhere. You can also transfer money to or from a UAE bank at the cost of 30AED. Many startups change how people interact with their money, such as Revolut, a “digital banking alternative.” Revolut was founded in July 2015 by ex-trader Nikolay Storonsky and ex-investment banker Vlad Yatsenko. Revolut allows travelers to exchange currencies inexpensively as a prepaid card and app. Storonsky developed it after becoming dissatisfied with conventional forex offerings. Since then, the company’s service and product offerings have expanded. With over 5 million worldwide consumers, the fintech firm continues to innovate. Unlike high street banks, Revolut lets you open a current account online. No credit checks or proof of residency are required to start a Sterling or Euro existing account in 60 seconds, they claim. Customers may choose between a real and a virtual card.