Revolut Singapore remained net profitable for a second straight year in 2025 as customers used the app more for everyday spending and transfers.
The update came as parent Revolut reported record 2025 group revenue of US$6.0 billion, up 46 percent year on year, and profit before tax of US$2.3 billion, up 57 percent.
In Singapore, subscription revenue rose 75 percent, card payment revenue increased by close to 20 percent and foreign exchange fee and spread revenue grew 6 percent.
Average monthly transactions rose by nearly 20 percent, while retail e-wallet balances increased by more than 25 percent and business account balances grew more than sixfold.
Revolut Singapore’s retail customer base expanded by more than 20 percent in 2025, while its business customer base grew fivefold.
Young adults aged 18 to 34 now make up half of its retail customer base, and expatriates accounted for close to 30 percent of customers, up from 25 percent a year earlier.
Revolut Deepens Everyday Use in Singapore
Domestic transaction volumes rose by more than 30 percent year on year, while the number of domestic transactions increased by about 25 percent.
Domestic transactions now make up nearly half of Revolut Singapore’s total activity.
Peer-to-peer payment volumes within the app rose by close to 40 percent, while both the number and volume of virtual card payments increased by more than 55 percent.
Product Push and Hiring Expansion in Singapore
During the year, Revolut Singapore expanded its retail and business offerings.
New additions included a robo-advisor, Flexible Cash Funds for businesses and merchant acquiring tools spanning account-to-account, online and in-person payments.
It also integrated with Alipay to support transfers to China.
Revolut Singapore nearly doubled its workforce from 2024 to 2025, with headcount rising by more than 95 percent.
The company is targeting more than 300 employees locally within the next three years.
Raymond Ng, Chief Executive Officer, Revolut Singapore & South East Asia, said:
“We’re seeing a clear shift from Revolut being used primarily for travel to becoming an everyday financial app, with strong growth in domestic spending, peer-to-peer payments, and increasing engagement with wealth products and our Kids & Teen offering.
We remain focused on expanding our offering to meet the evolving needs of our customers while continuing to invest in local talent to support our long-term growth.”
Featured image: Edited by Fintech News Singapore, based on image by mrsiraphol via Freepik
