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In an exclusive interview with Times of Malta, Ignacio Zunzunegui Gómez-Gil, Revolut’s head of growth for Southern Europe, disclosed that 68% of the Maltese adult population—approximately 300,000 people—now use Revolut. He mentioned that the number of Maltese users increased by 23% last year, and in 2024, it grew by another 7%.
The proportion of regular users, who actively use the app rather than just acquiring it, has also risen at the same rate. Ignacio emphasized, “It’s not that we’re just acquiring customers then losing them.”
Deposits via Revolut have surged by an impressive 40%, with more customers spending their money domestically through Revolut.
The interview also revealed a substantial 170% growth in the number of businesses using Revolut this year, indicating significant market expansion in Malta compared to other Southern European nations.
Ignacio highlighted Revolut’s ambition to become “one of the top three entities” in banking across Europe, noting their progression towards a more traditional banking model by introducing loans in certain countries and even mortgages in Ireland.
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