No return date for Revolut PayTo as company clams up in wake of $3m social media zombie fraud

Warwick Ponder
Editor
20 May, 2026
Wannabe Aussie bank Revolut has declined to name a date for the return of its PayTo service after 250 of its “dormant” zombie accounts were used to defraud about $3 million from unsuspecting consumers on social media.
No return date for Revolut PayTo as company clams up in wake of $3m social media zombie fraud

Wannabe Aussie bank Revolut has declined to name a date for the return of its PayTo service after 250 of its “dormant” zombie accounts were used to defraud about $3 million from unsuspecting consumers on social media.

Subscriber article

This article is available to PayDay News subscribers.

trending

Visa's average credit card merchant fee reached 1.00% in the June quarter, the highest since the RBA began publishing fees by scheme, and up five basis points over
The end of card surcharging on October 1 has merchants across Australia looking at ways to hand out and handle more cash.
On The Interchange Bench this week, Brazil’s A2A network draws a tariff, a fake Matt Comyn offers us US $35 million in a Whatsapp scam, former RBA payments
The Commonwealth Bank says escalating geopolitical tensions, cyber threats and artificial intelligence are transforming operational resilience from a compliance obligation into a competitive advantage for financial institutions and
Three reforms are converging to strengthen PayTo, delivering stronger consumer protections, clearer fraud liability and greater confidence in account-to-account payments as merchants search for trusted, low-cost alternatives to

RELATED STORIES ▸

What can we learn from Malaysia on A2A retail?
What can we learn from Malaysia on A2A retail?
What can we learn from Malaysia on A2A retail?
Ubiquitous, domestically-owned, cheaper and faster, account-to-account (A2A) retail payments are booming in Malaysia, so why isn’t it taking off in ...
Customers waiting as real-time ‘future by committee’ inches forward
Customers waiting as real-time ‘future by committee’ inches forward
Customers waiting as real-time ‘future by committee’ inches forward
Australia's real-time payments future is moving deeper into detailed deliberations about roadmap development, with customers still waiting to join the ...
Reforms converge to reshape PayTo protections as demand for card alternative grows
Reforms converge to reshape PayTo protections as demand for card alternative grows
Reforms converge to reshape PayTo protections as demand for card alternative grows
Three reforms are converging to strengthen PayTo, delivering stronger consumer protections, clearer fraud liability and greater confidence in account-to-account payments ...
Thriday, pay.com.au hit by mirror email platform breaches
Thriday, pay.com.au hit by mirror email platform breaches
Thriday, pay.com.au hit by mirror email platform breaches
pay.com.au and Tyro-owned Thriday have both warned customers about phishing emails after a third-party platform used to design and send ...
NPP cloud migration delayed by technical risks
NPP cloud migration delayed by technical risks
NPP cloud migration delayed by technical risks
Australian Payments Plus has removed the target date for its planned New Payments Platform cloud migration after delivery partner concerns ...
RewardPay doubles down on business rewards before surcharge ban
RewardPay doubles down on business rewards before surcharge ban
RewardPay doubles down on business rewards before surcharge ban
Ahead of the Reserve Bank's surcharge ban hit on Aussie businesses, RewardPay is expanding its rewards platform, encouraging small businesses ...

Got a story to share?

Get in touch with PayDay News today!

Advertising Enquiry

Fill out the form below, and we will be in touch shortly.

Contact Information

Got a story to share

Fill out the form below, and we will be in touch shortly.

Contact Information