The company says the service offers a flexible solution for those who find opening a business account too expensive.

Revolut Pro, a free account with no monthly fee, and no deposit or balance requirements, is already available in the UK, Ireland, France, Poland, Spain, Portugal, Romania and Lithuania.

Users can now initiate transfers or instant payments to other bank and Revolut accounts. The account also offers the option of accepting payments in several currencies with a physical or virtual card, as well as with Google Pay and Apple Pay.

Users can receive payments immediately either in person using Revolut Reader, or online with QR codes.