Joe Heneghan, CEO of Revolut Payments Ireland, has been named as the company's new Chief Executive Officer Europe.

Joe Heneghan led the rapid growth of Revolut's Irish business, in which customer numbers in Ireland doubled to 1.5 million.

He has more than 25 years experience in financial services including senior leadership positions at Ulster Bank and Permanent TSB.

His successor will be appointed in due course.

Mr Heneghan will lead Revolut's specialised bank and e-money institution licenced entities in Lithuania and oversee Revolut's further expansion in the EEA region.

"I'm delighted to have the opportunity to build on Revolut’s achievements in Europe and help take the business even further on its journey to becoming a global financial super-app. I am looking forward to continuing the growth of Revolut Bank in Europe, and launching many more exciting products for our retail and business customers," Joe Heneghan said.

The fintech, which has more than 15 million customers worldwide, today also announced the appointment of Sid Jajodia as Chief Banking Officer to lead the roll out of Revolut’s international banking operations.

Sid Jajodia joins Revolut as Chief Banking Officer from PayU where he has been CEO Credit for three years