In accordance with a first aspect of the present disclosure, a radio frequency identification (RFID) transponder is provided, comprising: at least one functional component configured to perform a function of the RFID transponder; a charge pump configured to supply an output voltage to said functional component, wherein said charge pump comprises a plurality of charge pump stages; a charge pump controller configured to control a number of charge pump stages which contribute to the output voltage. In accordance with a second aspect of the present disclosure, a corresponding method of operating an RFID transponder is conceived.