Digital banking app Revout has topped 20 million retail customers globally.

The news comes on its 7th anniversary.

The company said it is now processing over 250 million transactions a month.

Here in Ireland, it has 1.9 million users.

The UK, Revolut's home market has the most customers, hitting 4.8 million.

It said the average age of customers is 39, with just 11% over 55.

Romania has the second highest number of customers with 2 million, just ahead of Ireland.

With 420,000 users in Bucharest, Romania's capital city has the most Revolut users of any city in the EU, and second most globally after London.

Poland and France make up Revolut's top five countries by number of retail customers, with 1.7 million in Poland and 1.5 million in France.

Over 50,000 of the accounts in Poland are held by refugees, after Revolut offered free dedicated accounts for those fleeing the war in Ukraine.

"When we started Revolut seven years ago, we wanted to give people more control over their financial well-being through the use of our technology, offering a service that addresses all their financial needs in one place," said Nikolay Storonsky, CEO of Revolut.

"We are still a young business, but our growth over the last few years shows the increasing demand for our products all over the world.

"As important as this milestone is, we are still at the start of our journey and intend to keep pushing the boundaries of financial innovation to build the world's first global financial superapp. This is just the beginning," he added.

Revolut is continuing to expand its global workforce, topping 5,000 employees around the world.

Over the past year, it has opened several offices in locations such as New York, Tokyo, Madrid, Barcelona, Paris, Mexico City, Berlin, Budapest and Bucharest.

New offices in Mumbai and Bangalore are set to open later this year.

Vlad Yatsenko, Co-founder and CTO of Revolut said there is still a lot to achieve in this space.

"We remain focused on developing new and innovative products for our customers, and look forward to celebrating the next milestone in the near future," he said.