Revolut, the UK-based fintech giant, will launch a payment platform in India later this year, enabling local and international transactions through UPI and Visa integrations. Starting with 350,000 waitlisted users, the rollout will expand nationwide in 2025.
Led by Paroma Chatterjee, Revolut India will offer digital wallets and prepaid cards under a license from the Reserve Bank of India. The company also plans to provide forex services as part of its growing product suite.
To meet India’s strict data sovereignty laws, Revolut has invested £40 million ($53.7 million) in localizing its technology — a first for the company. It aims to reach 20 million customers by 2030, targeting India’s tech-savvy youth market.
The move marks Revolut’s first step into Asia’s competitive fintech landscape, positioning it against major local players while supporting its broader global expansion plans.
