Revolut to Launch Digital Payment Platform in India, Targets 20 Million Users by 2030
London-based digital finance company Revolut announced plans to launch its payment platform in India, marking its first entry into one of the world’s largest digital payments markets. The move is part of the firm’s broader global expansion strategy aimed at strengthening its presence in emerging fintech ecosystems.
The company will enable Indian users to make both domestic and international payments through partnerships with the Unified Payments Interface (UPI) and Visa. Revolut plans to begin services later this year with 350,000 waitlisted customers before expanding access to the wider public.
In preparation for the launch, Revolut has invested over £40 million in adapting its technology to comply with India’s data sovereignty laws, making it the only market where such extensive localisation has been carried out. The fintech firm, which is also exploring a U.S. bank acquisition and credit card launch, views India as a key growth driver in its ambition to reach 20 million customers by 2030.
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