British fintech company Revolut announced its plans to introduce its payment services in India on Wednesday at the Global Fintech Fest 2025, marking its initial expansion into a major hub for digital transactions worldwide.
The event was held at the Nita Mukesh Ambani Cultural Centre in Mumbai, where Paroma Chatterjee, CEO of Revolut India, acknowledged the contributions of key partners, Sohini Rajola from the National Payments Corporation of India (NPCI) and Ramakrishnan Gopalan from Visa, who joined her to unveil the product.
The rollout, tied to Revolut’s broader international growth strategy, will enable Indian customers to conduct both local and cross-border transactions through integrations with the Unified Payments Interface (UPI) and Visa networks. Initial access will go to around 350,000 individuals currently on a waitlist, with wider availability to follow later this year.
The firm has outlined a target of acquiring 20 million users in India by the end of the year 2030. To comply with local data regulations, the firm allocated more than £40 million to adapt its systems specifically for the Indian market, a customization effort unique to this region, according to a company representative.
Revolut’s global expansion
This move comes as Revolut considers a potential acquisition in the USA and the Middle East to fast-track its global expansion and to solidify its position as one of the world’s most valuable digital banking platforms. Further, on September 9, 2025, the firm got the approval from the Central Bank of the UAE (CBUAE) to launch its services in the United Arab Emirates (UAE) to offer a comprehensive product experience to its retail customers.
On April 7, 2025, Revolut received a full authorization from the Reserve Bank of India (RBI) to issue domestic prepaid cards and wallets in India.
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