Digital banking company Revolut is nearing approval to issue Greek International Bank Account Numbers (IBANs), a move that would deepen its presence in one of its fastest-growing European markets after surpassing 2 million users in Greece.
The company said Greece is now its 11th-largest market globally by retail customers, with more than 18% of the population using its services. Revolut said it added over 400,000 new individual customers in 2025, while its overall user base grew by more than 30% over the same period.
Executives say obtaining Greek IBANs would allow the company to compete more directly with traditional banks for payroll accounts and expand its range of financial products in the country.
“Having a local IBAN will help us become a primary bank for our customers, not only for transactions or salary deposits but also for additional services,” said Vasilis Ameranis, operations manager for Revolut Greece.
The company said the move would also align it more closely with local regulatory requirements and is expected to strengthen confidence among employers and customers.
Revolut already operates a representative office in Greece and has been steadily expanding beyond its original focus on travel-related payments into broader everyday banking services. It said domestic card payments now account for 68% of total transactions, suggesting increased use for everyday spending.
Overall card transactions in the country rose nearly 50% in 2025, while Revolut remained the most downloaded financial app in Greece for a second consecutive year.
Revolut said its business and investment services have also grown strongly. Business customer numbers in Greece increased by more than 40%, while corporate deposits rose 60%. The number of users engaging in investment products climbed nearly 60%, with total investment volume increasing more than 130%.
Ignacio Zunzunegui, Revolut’s head of growth for Southern Europe, said the company aims to become one of the leading banking options in Greece, investing in local products, infrastructure, and its overall presence in the market.
Revolut has also partnered with Greek companies including Skroutz, efood, Public, and Plaisio to integrate its Revolut Pay service into online checkout systems, as it seeks to further expand its role in the country’s digital payments ecosystem.
