London-based digital finance company Revolut announced on Wednesday that it will launch its payment platform in India, marking its first entry into one of the world’s largest digital payments markets as part of its broader global expansion strategy.
Through partnerships with the Unified Payments Interface (UPI) and Visa, the company will enable Indian users to make both domestic and international transactions. The rollout will begin later this year with 350,000 waitlisted users, followed by wider public access.
The company revealed plans to acquire 20 million customers in India by 2030.
A company spokesperson said that Revolut has invested over £40 million to localise its technology infrastructure and comply with India’s data sovereignty regulations, making India the only market worldwide where it has made such an investment.
Revolut, which recently disclosed that it is considering a U.S. bank acquisition and a domestic credit card launch, is positioning India as a cornerstone of its international growth plans.
