Revolut, the UK-based fintech giant, is poised to launch its payments platform in India, aiming to capture 20 million users by 2030. This move is part of Revolut's broader global strategy to reach 100 million customers by mid-2027. The company's entry into the Indian market is underpinned by a hyper-localization model tailored to the unique needs of Indian consumers.
Revolut has already secured the necessary approvals from the Reserve Bank of India (RBI) for forex and UPI transactions. This allows the company to offer both domestic and international payment solutions on a single platform, a unique proposition in the Indian market. Paroma Chatterjee, CEO of Revolut India, emphasized that their offering will be a "one-stop-shop" that transforms how people in India manage their money.
The company has invested significantly in localizing its technology for the Indian market, making India the only country where Revolut has undertaken such a massive localization effort. This includes working closely with the RBI to ensure compliance with all regulatory requirements for domestic and international payments and transfers.
Revolut's platform will enable Indian users to make domestic and international payments through its partnerships with the Unified Payments Interface (UPI) and Visa. The initial rollout will begin with 350,000 customers already on the waitlist, with plans to expand to a wider audience subsequently. Impressively, this substantial waitlist was garnered without any major announcements.
The company aims to disrupt India's fintech market with its all-in-one digital money app. Revolut intends to provide a prepaid card loaded with benefits to reach tens of millions of users beyond the traditional credit card demographic.
India is currently Revolut's largest talent hub, with over 3,500 employees and an initial investment of $45 million. The company has been actively expanding its global workforce and has opened offices in Mumbai and Bangalore.
Revolut's expansion into India is a significant step in its global growth strategy. As of September 2025, Revolut has over 65 million customers worldwide and is aiming to reach 100 million customers by mid-2027. The company's services are available in over 48 countries. In July 2022, Revolut surpassed 20 million retail customers and was processing over 250 million transactions a month.
Founded in 2015, Revolut offers a range of financial services, including money transfer and exchange, peer-to-peer payments, savings vaults, and stock trading. The company has also introduced new features like On Demand Pay in the UK and personalized Loans in Ireland.
