Revolution will launch a branch in Portugal in summer. The English company aims to affirm itself as the “main bank” of national customers; And it also expects to debut ATM boxes in Portugal next year.
A Revolution will have atm boxeswith the first 50 to be installed in the coming weeks in Spain, which will follow the expansion to Portugal, Italy and Germany in 2026.
Revolution’s first ATM boxes, an ‘online’ bank (‘fintech’), will be on test and available in the coming days, June 4 and 8, at the Primavera Sound festival room in Barcelona.
Then, in the following weeks, 50 ATM will be installed in the cities of Madrid and Barcelona. Then, another 150 money and services terminals will be installed in Spain, with the aim of reaching a total of 200 ATM in the country in Madrid, Barcelona, Valencia and Malaga.
The expansion to three other countries is scheduled for 2026, namely Portugal, Italy and Germany.
Branch in Portugal
Furthermore, will launch branch in Portugal this summertold Lusa the growth director to southern Europe, Ignacio Zunzunegui.
The revolution announced on May 19 that it will create in France a headquarters for the western European markets and will be to this headquarters that the Bank’s future branch in Portugal will belong.
“We are in over 39 countries and we want to launch a banking license in all major markets and this implies moving or delaying [lançamentos] In some countries, meeting various needs, ”said Zunzunegui.
In addition to Portugal, also the markets of Italy, Spain, Ireland and Germany will be dependent on the French bank.
“Portugalize” to Revolution
Beyond the bank license in Portugal, with which Bank customers will be able to have a Portuguese IBANRevolution aims to “have a more local product”, adapted to the national consumer, namely integration into the Multibanco network and MBway network.
“And then we will work to launch more conventional products on a bank,” said Ignacio Zunzunegui, who referred to more credit products or new savings products.
The revolut temple Currently plus 1.5 million customers in Portugal and intends to reach 2 million later this year.
“For me, Portugal is, along with Ireland and one or two more countries, the country that has the greatest potential to demonstrate that revolution can be one of the top 3 market entities,” said Zunzunegui, who said he said in terms of number of customers and within three to four years.
Revolution has not revealed estimated investment values for Portugal, nor predictions for new jobs in the country.
The bank, which calls itself as a “surpl financial”, has over 55 million customers and more than 10,000 workers worldwide.
Revolution currently operates in Portugal through the Lithuanian branchunder the free service regime.
