What is Revolut's role in the digital payments transformation?
Revolut is an app-based account provider that has moved into accepting payments as well as making them. Its 2025 annual report says transaction volumes rose 65% to £1.3 trillion in 2025, with 68.3 million retail customers and 767,000 business customers at year end; Revolut Business alone reached £277 billion of transaction volume, up from £177 billion in 2024. On the acceptance side, payment volumes rose 228% in 2025, tripling for a second year, Revolut Terminal was available in 19 countries, and 4.8 million users paid with the Revolut Pay checkout. Card payments were Revolut's largest revenue stream, at 22.2% of 2025 revenue. The rails are widening: Pay by Bank was added to the Revolut Gateway in September 2025, Click to Pay was enabled for 13 million+ UK and 40 million+ European Revolut cardholders in June 2026, EURR, a euro stablecoin issued by Stripe's Bridge, entered phased testing in August 2026, and in India Revolut is onboarding beta users onto UPI payments. Revolut became a fully licensed UK bank on 11 March 2026. AI enters the shift mainly as the fraud layer: Revolut says its security models review nearly one billion transactions a month. Revolut does not break its volumes down by rail.[1][2][3][4][5][6][7]
Data as of Oct 19, 2026 · Revolut profile updated Oct 19, 2026 · 26 sources cited on this page · 52 fintechs profiled on this site · Markdown
How much does Revolut process, and how fast is it growing?
From Revolut's annual reports and results releases. Revolut defines transaction volumes as the aggregate value of inbound and outbound transactions processed, in pounds sterling. Each figure is as Revolut stated it in that year's publication; the 2025 report's 65% growth rate does not match the 2024 release's total, and Revolut does not reconcile them.
| Metric | Value | Period |
|---|---|---|
| Transaction volumes | £1.3 trillion, up 65% year on year | 2025[1] |
| Transaction volumes | Approaching $1.3tn (£1.0tn), up 52% year on year | 2024[8] |
| Revolut Business transaction volume | £277 billion (2024: £177 billion), up 56% | 2025[1] |
| Merchant acceptance volumes | Up 228% year on year, tripling for a second year in a row (2024: merchant acquiring volumes tripled) | 2024–2025[1][8] |
| Customers | 68.3 million retail (up 30%) and 767,000 business customers at December 31, 2025; over 80 million retail by August 25, 2026 | 2025–2026[1][7] |
| Card payments revenue | £1,003,941 thousand (2024: £693,857 thousand); 22.2% of total revenue, the largest single stream | 2025[1] |
| Total customer balances | £50.2 billion, up 66% | December 31, 2025[1] |
| Revolut Pay users | Almost 2 million monthly active users (November 2025); 4.8 million users used the Revolut Pay checkout in 2025 | 2025[9][1] |
| Licensed footprint | Operated as a licensed bank in 30 countries at the end of 2025 | 2025[1] |
Which payment forms is Revolut pushing, online and in store?
| Shift | What Revolut reports | Date |
|---|---|---|
| Point of sale | Revolut Terminal launched in the UK and Ireland in October 2024; available in 19 countries by the end of 2025, with 9 launched in 2025 | 2024–2025[10][1] |
| One-click wallet checkout | Booking.com adopted Revolut Pay, its largest travel partner to do so; about 9 million Revolut customers had already bought on Booking.com | 17 November 2025[9] |
| Open banking (Pay by Bank) | Added to the Revolut Gateway, initially in the UK, Austria, Belgium, Croatia, Finland, France, Greece, Germany, Ireland, Italy, Lithuania, the Netherlands, Portugal and Spain | 10 September 2025[2] |
| Tokenized online checkout | Visa Click to Pay enabled as a card-level feature for 13 million+ UK and 40 million+ European Revolut customers, with launches in Australia, New Zealand, Singapore and Japan; also offered to UK and European merchants | 16 June 2026[3] |
| Distribution through orchestrators | Yuno integrated Revolut Pay, acquiring and gateway services in one connection across the UK, EEA, Singapore and Australia | 3 September 2026[11] |
| Biometric in-store checkout | Revolut Pay with Smile piloted on Revolut Register with 0% processing fees on those transactions; Register list price £699 + VAT | 24 September 2026[12] |
| Agentic checkout | Revolut Pay one of the first EU payment methods compatible with Google's AP2 | 19 January 2026[13] |
Which rails and markets is Revolut adding?
| Rail or market | Revolut's role | Date |
|---|---|---|
| Push-to-card and bulk transfers | Card-based transfers send instant payments to recipients identified by card details across 78 countries and over 50 currencies; bulk transfers of up to 1,000 bank payments at once | Annual Report 2025[1] |
| Stablecoins | EURR, a euro e-money token issued by Bridge Building (a Stripe company), in phased testing on Ethereum for eligible customers in Denmark, Poland and Portugal; stablecoins in other currencies in development | 8 August 2026[4] |
| India (UPI) | Controlled beta with a few thousand customers out of about 450,000 waitlisted, offering UPI payments, e-money wallets and prepaid cards under an RBI prepaid payment instrument licence; target of about 20 million users by 2030 | 1 June 2026[5] |
| UK bank | Revolut Bank UK Ltd exited mobilisation and launched, able to offer FSCS-protected deposit accounts | 11 March 2026[6] |
| France | Full European banking licence from French regulators, approved by the ECB; the new unit starts in France before expanding to other Western European markets | 10 August 2026[14] |
| United States | OCC conditional approval for a national bank charter; FDIC and Federal Reserve approvals still required | 3 September 2026[15] |
How does Revolut frame the shift, where does AI come in, and what is not disclosed?
Revolut's stated long-term goal is 100 million daily active customers in 100 countries. Fee-based revenues were 76% of 2025 turnover, and Revolut Business accounted for 16% of revenue, with Business growing by over 140% in Singapore, Australia and the US.[1]
Merchant acceptance is the newest leg: the annual report describes a merchant acquiring suite for online and in-person payments across Revolut Pay, Revolut Gateway and Revolut Terminal, and the Pay with Smile pilot is presented as unlocking a new revenue stream.[1][12]
AI sits in the shift as the safety layer: Revolut says its security models review nearly one billion transactions every month, and its FY25 fraud report says its fraud rate fell 31% in 2025. The AI products are on the companion page.[7][16]
What is not disclosed: transaction volumes split by rail (cards, transfers, Revolut Pay, Pay by Bank), the value of Revolut Pay and Terminal payments, EURR circulation, and India transaction volumes.[1][4][5]
What does the Revolut profile record on this topic?
The rows below are the entries of the Revolut AI strategy profile that bear on this page, as of Oct 19, 2026; the profile holds the full record of 13 dated moves, 7 use cases and 21 sources.
| Use case | What the record shows | Status | Source |
|---|---|---|---|
| AI-assisted financial-crime review | Advanced AI models let Revolut's financial-crime team increase the number of cases reviewed daily by almost 10x, per the FY2025 annual report; the US CEO says the AI outperforms manual review on flagging suspicious transactions. | In production | [1][17] |
| AI agents in security operations | AI agents deployed across real-time monitoring and account-protection processes, automating a share of routine review and increasing coverage of complex cases, per the FY2025 annual report. | In production | [1] |
| AI Regulatory Compliance Programme | Internal programme established to address EU AI Act requirements and provide a governance foundation for Revolut's AI initiatives, disclosed in the FY2025 annual report. | In production | [1] |
| Date | Move | Detail | Source |
|---|---|---|---|
| Sep 3, 2026 | OCC grants conditional approval for a US national bank charter | The OCC gives conditional approval to Revolut's national bank charter application; FDIC deposit insurance and Federal Reserve approval are still required before the proposed Revolut Bank US can open, with a 2027 launch targeted. American Banker reported the approval withholds four products — leveraged currency trading, foreign exchange forwards, merchant acquiring and correspondent banking for unaffiliated foreign banks — each needing a separate supervisory non-objection before Revolut can offer it. | [15][18] |
| Aug 10, 2026 | French banking licence | Finextra reported that Revolut had been awarded a full European banking licence by French regulators, with approval from the European Central Bank; the new banking unit begins with customers in France before expanding to other Western European markets, while the Lithuanian Revolut Bank UAB remains the hub for the rest of the EEA. | [14] |
| Mar 24, 2026 | FY2025 annual report published | Revolut releases its Annual Report for the year to 31 December 2025 alongside a results announcement dated 24 March 2026. Revenue reaches £4.5 billion (+46%), profit before tax £1.7 billion (+57%); the report discloses that Revolut's Gen AI-powered support chatbot, Assistant, resolved over 75% of customer support interactions by year end, and that AI-driven financial-crime review capacity rose roughly tenfold. | [1][19] |
| Mar 11, 2026 | UK bank exits mobilisation and launches | The PRA lifts restrictions on Revolut Bank UK Ltd, letting it offer FSCS-protected deposit accounts and a fuller product range to its 13 million UK customers. | [6][20] |
| Mar 5, 2026 | Files for a US national bank charter | Revolut applies to the OCC and FDIC for a US national bank charter (to become Revolut Bank US, N.A.) and names Cetin Duransoy as US CEO, succeeding Sid Jajodia, who becomes Global Chief Banking Officer. | [21][22] |
| Nov 24, 2025 | $75 billion valuation share sale completes | A secondary share sale led by Coatue, Greenoaks, Dragoneer and Fidelity, with NVentures (NVIDIA's venture arm) among the participants, values Revolut at $75 billion, deepening the NVIDIA collaboration on AI. | [23][24] |
| Jul 25, 2024 | UK banking licence with restrictions | The PRA grants Revolut NewCo Ltd a UK banking licence with restrictions, starting the 'mobilisation' stage in which deposits are capped and nothing changes for existing customers. | [25] |
| Jan 1, 2024 | ECB takes over direct supervision of the Lithuania bank | Following a request from Lietuvos bankas, the ECB classifies Revolut Holdings Europe UAB and Revolut Bank UAB as 'significant' institutions, assuming direct supervision from 1 January 2024, citing wide cross-border presence and rapid balance-sheet growth. | [26] |
How much money moves through Revolut?
Revolut's 2025 annual report says transaction volumes rose 65% to £1.3 trillion in 2025, measured as the aggregate value of inbound and outbound transactions. Revolut Business accounted for £277 billion of that volume, up from £177 billion in 2024. Revolut does not split the total by card, transfer or wallet payments.
How big is Revolut Pay?
Revolut said Revolut Pay had almost 2 million monthly active users in November 2025, when Booking.com adopted it, and its annual report says 4.8 million users used the Revolut Pay checkout in 2025. Revolut has not published the value of payments made through Revolut Pay.
Is Revolut a payment acquirer?
Yes. Revolut Business offers merchant acquiring across online and in-person channels through Revolut Pay, Revolut Gateway and Revolut Terminal, which was in 19 countries by the end of 2025. Acceptance volumes rose 228% in 2025, and in September 2026 Revolut piloted facial-recognition checkout in London.
Does Revolut have a stablecoin?
Yes. In August 2026 Revolut began phased testing of EURR, a euro e-money token issued by Bridge Building, a Stripe company, on Ethereum for eligible customers in Denmark, Poland and Portugal. Revolut says stablecoins tied to other currencies are in development.
Is Revolut a bank in the UK and Europe?
Yes. Revolut Bank UK Ltd exited mobilisation and launched on 11 March 2026. In the EU Revolut operates a bank licensed in Lithuania and, in August 2026, received a French banking licence approved by the ECB. At the end of 2025 it operated as a licensed bank in 30 countries.
- Revolut Group Holdings Ltd, Annual Report 2025
- Revolut adds Pay by Bank option to their Payment Gateway
- Visa scales Click to Pay for Revolut cardholders, bringing frictionless checkout to millions
- Introducing EURR, the Revolut stablecoin that brings our customers' local currency on-chain
- Revolut rolls out services to thousands of users in India ahead of broader launch
- Revolut Launches UK Bank
- Revolut Announces Launch of Dedicated AI Research Division: Revolut Research
- Record growth and diverse product offering drive Revolut to $1.4bn profit in 2024
- Revolut Expands Travel Footprint: Launches New Payments Partnership With Online Travel Platform, Booking.com
- Revolut brings latest generation Terminal to disrupt POS competition ahead of busy retail season
- Revolut and Yuno Partner to Give Merchants One-Click Access to Revolut's Full Payment Stack
- Revolut shakes up the high street with first pilot of facial recognition payments and 0% processing fees
- Revolut to Enable Frictionless Checkout Across All Agentic Commerce Platforms for the UK and EEA
- Revolut awarded full-fat European banking licence
- Revolut Receives Conditional Approval from U.S. Office of the Comptroller of the Currency to Form a National Bank
- Consumer Security and Financial Crime Report FY25
- Revolut's AI Outperforms Human Reviewers at Detecting Financial Crime
- Revolut wins US charter with limits on four products
- Revolut reports record profit of $2.3bn for 2025 as revenue surges to $6bn
- Revolut acquires full UK banking license after years-long wait
- Revolut Files U.S. Bank Charter Application, Names New U.S. CEO
- Fintech giant Revolut pursues US bank charter
- Revolut Completes Fundraising Process Establishing $75 Billion Valuation
- Revolut valued at $75B
- Revolut receives UK banking licence
- Significance Assessment: 2023 at a glance – moving to 2024
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