Revolut has begun rolling out its services in India through a controlled beta program ahead of a broader launch. The company confirmed that a few thousand customers are already using the platform, which offers services including UPI payments, e-money wallets, and multi-currency cards.
The rollout marks a significant milestone for Revolut's years-long effort to enter India's digital payments market, where the Unified Payments Interface (UPI) has transformed how consumers and businesses move money. UPI accounts for nearly half of global real-time payments transaction volume and processed a record 23.2 billion transactions worth $313.8 billion in May.
Revolut plans to add its Lifestyle and RevPoints offerings before expanding the rollout, but will not offer family or joint accounts due to regulatory requirements. The company has been building its India business since 2021 and secured a prepaid payment instrument (PPI) license from the Reserve Bank of India last year.
Revolut aims to serve more than 150 million digitally savvy Indians aged between 25 and 45, with a goal of onboarding about 20 million users by 2030 and processing at least $7 billion in transactions. The company's app has been downloaded nearly 820,000 times in India since it became available in app stores, with more than a third of those downloads occurring in 2025 and the first months of 2026.
