Revolut Bank has set a new record in the Romanian banking market, surpassing Banca Transilvania in terms of the number of card users.
According to official data cited by Economica, the digital bank is approaching the threshold of 5 million users, consolidating its position as a leader in this segment, following a rapid growth in recent years.
Banca Transilvania, the leader of the Romanian banking system in terms of assets, announced that it has 4.6 million card users in the BT Pay application.
At the same time, Revolut Bank stated that it has reached 4.9 million card users in Romania, thus becoming the largest bank in the country from this perspective.
Key data about Revolut Bank in Romania:
- 4.9 million card users
- over 1 billion card transactions made in 2024 (latest available data)
- an adoption rate of 27%, including children over 6 years old
- part of a British fintech group with approximately 70 million retail clients in 40 countries
Revolut entered the Romanian market in May 2018, initially as an application for instant transfers between users and currency exchanges. Subsequently, the company rapidly expanded its offerings, becoming a primary bank account for payments, money transfers, consumer loans, savings, and investments in a wide range of financial assets.
Currently, Revolut operates in Romania as a branch of Revolut Bank UAB, a licensed banking entity in Lithuania, under the supervision of the European Central Bank and the Bank of Lithuania.
The rapid growth of Revolut and the increasingly tight competition with Banca Transilvania reflect the rapid changes in the financial behavior of Romanians and the growing migration towards digital banking solutions.