Revolut reaches $115 billion valuation in secondary share sale
Revolut reaches $115 billion valuation through secondary share transaction.
Event / Technology
AI-Initiated Secure Payment Testing
Revolut and Visa completed the first AI-initiated secure payment in France using merchant Cleverbridge and Visa Payment Passkey authentication, following Santander's similar transaction in March. The test utilized existing payment infrastructure with standard fraud protections.
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2026-09-07 to 2026-11-06 · UTC publication dates
Coverage begins 7 Sept, 15:37 UTC
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What happened
Revolut valued at 115 billion dollars in secondary share sale
Revolut reached a valuation of 115 billion dollars in a secondary share sale in July 2026, reflecting rapid growth since its founding in 2015.
Santander completed first end-to-end AI-initiated payment in Europe in March
Spanish bank Santander, in collaboration with Mastercard, executed the first end-to-end payment in Europe initiated by an AI agent in March 2026, preceding the Revolut-Visa test.
Revolut and Visa complete first AI-initiated payment in France
Revolut and Visa announced on Monday that they completed the first secure payment initiated by an artificial intelligence agent in France. The transaction was conducted as a test to understand how AI-initiated payments could function in real purchase situations while maintaining customer consent, issuer controls, and existing protections. The AI agent, with customer authorization, executed the different stages of the purchase including payment.
AI payment system uses existing payment infrastructure with fraud protections
Visa confirmed that the AI-initiated transaction utilized existing payment infrastructure including card security, identity controls, and real-time fraud monitoring. The payment system maintains the same protections as traditional transactions.
51 percent of French population uses generative AI tools
According to the Digital Barometer 2026 cited in reports, 51 percent of the French population uses generative AI tools, demonstrating widespread adoption of AI for shopping-related tasks including product research, price comparison, and purchase decisions.
Visa Payment Passkey authenticates AI-initiated transaction with merchant Cleverbridge
During the test, Visa's test agent initiated a real transaction with merchant Cleverbridge, while Visa Payment Passkey (VPP) authenticated the transaction. The authentication step was characterized as important toward the future of AI-powered commerce.
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Half of France now adopts generative AI tools regularly
51% of French population now uses generative AI tools, reflecting mainstream adoption.
Revolut and Visa Complete First AI-Initiated Secure Payment in France
Revolut and Visa successfully executed France's first AI-initiated secure payment using established payment infrastructure.