Revolut expanded rapidly in Portugal during 2025. Total user accounts grew 49% year-over-year. Driven by a 42% rise in new retail members, Revolut reached a 20% local market share. This growth makes Revolut the third-largest bank in Portugal by customer count.
Moving Beyond Travel to Daily Banking
Revolut opened a local Portuguese branch to solve common user challenges.
Adding Portuguese IBANs, MB WAY, Via Verde payments, and high-yield savings accounts changed how locals use the app:
- More Local Spending: Domestic card payments grew 84%. Domestic transactions accounted for 57% of all spending in 2025.
- Higher Account Balances: Managed balances grew 52%, while deposits in Revolut Savings products rose 218%.
- Broader User Base: Accounts for younger users grew 90% via Revolut Kids and Teens. Business accounts increased 41%.
Strategic Partnerships and Regional Investment
Revolut teamed up with TAP Air Portugal for checkout payments and added Via Verde mobility tools directly to the app. The bank also opened a Sales Hub in Matosinhos to support regional business operations and launched a major ad campaign featuring Luís Figo.
To find flexible work environments across the region, explore nearby coworking spaces. Organizations seeking corporate partners and specialized solutions can also browse the tech companies directory.
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