UK-based fintech giant Revolut is set to launch its payments platform in India, aiming for 20 million users by 2030. The move marks one of the company’s most ambitious global expansions yet, targeting India’s booming digital economy.
Revolut Sets Its Sights on India’s Fintech Goldmine
UK’s neobank and fintech powerhouse, Revolut, is officially entering the Indian payments market, with plans to onboard 20 million users by 2030. The move signals Revolut’s commitment to becoming a global super app, tapping into one of the fastest-growing digital payment ecosystems in the world.
After securing the necessary regulatory greenlights, Revolut plans to roll out UPI-enabled payments, debit cards, and multi-currency wallets, giving Indian users seamless access to both domestic and cross-border financial services. The platform will compete with giants like PhonePe, Google Pay, and Paytm, but with Revolut’s global reach and tech-savvy design, it’s clear they’re aiming to shake up the competition.
India: The Perfect Market for Fintech Growth
India’s digital economy is projected to reach $1 trillion by 2030, with digital payments leading the charge. With over 900 million smartphone users, Revolut’s timing couldn’t be better. The company intends to leverage its global infrastructure, integrating AI-driven financial insights, investment tools, and low-cost remittance services into its Indian platform.
Analysts predict that Revolut’s entry could accelerate fintech innovation in India, particularly in the cross-border remittance and travel card segments — two areas where the company already excels globally. The move also aligns with the UK’s growing push for financial technology collaboration with India under new trade agreements.
Revolut’s India Strategy: Localization Meets Global Vision
To appeal to local consumers, Revolut plans to customize its app for Indian users, offering multilingual support and integrating UPI and RuPay payment systems. The company also aims to partner with local banks and fintech startups to strengthen its foothold in the Indian market.
In an official statement, Revolut executives said the company’s mission is to “redefine how Indians manage money” through a blend of simplicity, transparency, and global access. With over 40 million users worldwide, Revolut’s India expansion could easily add another feather to its fintech crown.
FAQs
1. When will Revolut launch in India?
Revolut’s India payments platform is expected to launch in early 2026, following regulatory approvals and beta testing.
2. What services will Revolut offer in India?
The app will feature UPI payments, debit cards, remittances, savings accounts, and multi-currency wallets.
3. Why is India important for Revolut?
India represents one of the world’s largest and fastest-growing digital payment markets, with a massive user base and tech adoption rate.
4. How many users does Revolut target in India?
Revolut aims for 20 million users by 2030, leveraging its global reach and innovative financial products.
5. Will Revolut compete with Paytm and Google Pay?
Yes, but Revolut’s global banking and remittance features may give it an edge in cross-border transactions.