Revolut has initiated the rollout of its first purpose-built ATMs in Spain, marking a significant step in enhancing its service offerings.
As part of this pilot program, the company is introducing 50 branded ATMs strategically located in Madrid and Barcelona, with plans to install an additional 150 units in other key cities such as Valencia and Málaga. These ATMs will be situated in high-traffic areas, providing convenience for users.
Revolut customers can easily locate the nearest ATM through an integrated in-app map that provides information on operating hours, addresses, and navigation instructions. This initiative comes as Spain continues to rely heavily on cash for transactions, with over 60% of point-of-sale payments still made in cash, according to data from the Bank of Spain. Revolut has already established a strong foothold in this market, boasting nearly 5 million customers.
The ATMs feature a 32-inch touchscreen and support withdrawals via card or contactless payment through the app. Revolut customers can enjoy fee-free cash withdrawals, favorable foreign exchange rates, and robust security measures, including plans for facial recognition authentication in the future.
For those who are not Revolut customers, the ATMs offer a convenient way to create an account in minutes, allowing users to obtain a physical card right on the spot.
Manjot Bhatia, Operating Partner at Revolut, expressed the significance of this initiative, stating, “The launch of our ATM network is a crucial step towards realizing Revolut’s vision of delivering a seamless financial experience. By redefining a fundamental aspect of banking—ATMs—we aim not only to provide smarter access to cash but also to enhance our brand presence and increase customer engagement as we lay the groundwork for future growth across Europe.”
Looking ahead, Revolut intends to expand its ATM network to additional markets across Europe throughout 2026, including Germany, Italy, and Portugal.