Mumbai, October 8, 2025 — London-based digital finance firm Revolut has announced its official entry into the Indian market with the launch of a comprehensive payments platform, marking a significant milestone in its global expansion strategy. The move positions Revolut to compete in one of the world’s fastest-growing digital payments ecosystems.
The platform will initially roll out to 350,000 waitlisted users later this year, offering domestic and international payment capabilities through integrations with India’s Unified Payments Interface (UPI) and Visa. The company plans to expand access to the broader public in subsequent phases.
Revolut India CEO Paroma Chatterjee confirmed that the firm will offer a prepaid card and digital wallet, leveraging the Prepaid Payment Instrument (PPI) license granted by the Reserve Bank of India earlier this year. Additionally, Revolut holds authorization to provide foreign exchange services, enabling seamless cross-border transactions.
The company has invested over £40 million (approximately $53.7 million) in localizing its technology infrastructure to comply with India’s stringent data sovereignty regulations—making it the only market where Revolut has undertaken such extensive localization efforts.
Revolut aims to onboard 20 million Indian users by 2030, focusing on the country’s “aspirational youth” demographic. The platform will feature multicurrency cards with competitive forex rates, rewards on domestic spending, and subscription-based perks for travel and dining. It will also include child-friendly accounts with parental controls.
Visa India Country Manager Rishi Chhabra stated that the partnership will ensure secure, reliable, and globally accepted payment solutions from day one. The launch follows Revolut’s four-year wait for regulatory approvals and reflects its commitment to long-term investment in India.
The fintech firm, which currently serves over 65 million users globally, plans to reach 100 million customers worldwide by mid-2027 and expand into 30 new markets by 2030, backed by a $13 billion investment roadmap.
Revolut will face stiff competition from established players such as Paytm, PhonePe, and Google Pay, but is banking on its international capabilities and integrated service model to differentiate itself in the crowded Indian fintech landscape.
