UK-Based Revolut Plans India Entry with Payments Platform, Targets 20…

Sarah J · 2026-05-06T16:45:11.000Z

Revolut is preparing to launch its payments platform in India, marking a major step in its global expansion strategy as it targets one of the world’s fastest-growing digital payments markets. The London-headquartered fintech firm aims to reach 20 million users in India by 2030, leveraging the country’s rapidly expanding fintech ecosystem and widespread adoption of digital payments infrastructure such as UPI. Revolut’s India strategy will initially focus on offering digital payment services, with plans to expand into a broader suite of financial products including banking, foreign exchange, wealth management, and credit solutions over time. The company has already secured a prepaid payment instruments (PPI) licence from the Reserve Bank of India, enabling it to operate in the country’s regulated payments space. This regulatory approval is a key milestone in its India market entry roadmap. India represents a significant growth opportunity for Revolut, given its large population, rising smartphone penetration, and strong government push toward financial inclusion and digital transactions. The company is expected to compete with established players such as Paytm, PhonePe, and Google Pay. The move also reflects a broader trend of global fintech firms entering India to tap into its scale, innovation ecosystem, and evolving consumer demand for seamless, app-based financial services.

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UK-Based Revolut Plans India Entry with Payments Platform, Targets 20… | SEINET