The UK-based financial technology company Revolut has announced its intention to launch a payments platform in India later this year as part of its broader international growth strategy.
This move signals Revolut’s entry into one of the world’s largest and fastest-growing digital payment markets. Initially, 350,000 users who have already signed up for a waiting list will be among those to benefit from the service. Revolut’s platform will facilitate both domestic and cross-border payments via integrations with India’s Unified Payments Interface (UPI) and Visa’s network.
Customization and Long-term Goals
Revolut has reportedly invested over GBP 40 million to adapt its technology, ensuring compliance with India’s data sovereignty laws. The firm is the only one currently localizing its systems in line with national data regulations in this market.
Looking ahead, Revolut aims to attract 20 million users across India by 2030. Officials from the company cite India’s large and digitally connected population as well as government-backed real-time payment infrastructure as key factors that make it a crucial market in their global strategy.
The firm’s push into India is part of its broader international development plans, which include exploring options for obtaining a banking license in the United States and launching a credit card service in its home market. These initiatives underscore Revolut’s objective to strengthen its footprint both in established and emerging financial markets.
