• UK fintech Revolut to enter Indian market with domestic and international payment services
• Invests £40 million to localise tech infrastructure as per Indian regulations
• Targets 20 million users by 2030, with 350,000 already on the waitlist

Global digital banking giant Revolut is gearing up to launch its payments platform in India, marking its entry into one of the world’s most dynamic fintech markets. The UK based company plans to roll out domestic and international payment services later this year, integrating with UPI and Visa to serve a rapidly growing base of digital first consumers.

Revolut has already attracted 350,000 users on its India waitlist ahead of the launch and aims to scale up to 20 million customers by 2030. The move is a key part of its global growth strategy and comes at a time when India’s digital payments ecosystem is booming, with over 300 million UPI users.

To meet India’s data localisation rules, Revolut has invested over £40 million to build local technology infrastructure, its only market worldwide to receive such a dedicated setup. This significant investment reflects Revolut’s long-term commitment to operating in the Indian financial ecosystem.

Also Read: WeWork India Sets Rs 3,000 Crore IPO Price Band

Valued at over $25 billion globally, Revolut has been expanding its suite of services, including recent moves to acquire a U.S. bank and introduce credit cards in the UK. India, with its large tech-savvy population and a growing appetite for digital finance, is a strategic choice for the company’s next phase of expansion.

As it enters India, Revolut will compete with established domestic players but hopes its global experience, advanced tech, and integrated approach to payments will attract users looking for a seamless cross-border financial experience.