British fintech company Revolut is making a major move into the Indian payments market, announcing the launch of its services in India on Wednesday at Global Fintech Fest 2025. This strategic expansion marks Revolut’s initial entry into a region known for its robust digital transactions. The announcement was made during a session at the Nita Mukesh Ambani Cultural Centre in Mumbai where Paroma Chatterjee, CEO of Revolut India, acknowledged key partners Sohini Rajola from the National Payments Corporation of India (NPCI) and Ramakrishnan Gopalan from Visa, who joined her to unveil the product features. Revolut’s entry will enable Indian customers to conduct both domestic and cross-border transactions through integrations with India’s Unified Payments Interface (UPI) and Visa networks. Initial access for around 350,000 individuals on a waitlist is expected this year, with wider availability later in the year. Revolut aims to acquire 20 million users in India by the end of 2030. The company has invested more than £40 million in adapting its systems specifically for the Indian market, highlighting the unique regulatory and cultural considerations within the region. This move follows Revolut’s global expansion strategy, with plans for potential acquisitions in the USA and Middle East to further accelerate growth and solidify its position as a leading digital banking platform. Revolut also secured authorization from the Central Bank of the UAE (CBUAE) to launch services in the United Arab Emirates in September 2025, offering a comprehensive product experience to customers there. Finally, Revolut received full authorization from the Reserve Bank of India (RBI) in April 2025 to issue domestic prepaid cards and wallets in India, enabling local transactions.