Revolut Expands into India’s Payments Market with UPI and Visa Integration

British fintech giant Revolut has marked its entry into India's digital payments landscape, announcing the launch of its services at the Global Fintech Fest 2025 in Mumbai. The MOVE aligns with the company's aggressive international growth strategy, targeting one of the world's largest hubs for digital transactions.

Revolut India CEO Paroma Chatterjee unveiled the platform alongside key partners from NPCI and Visa, emphasizing localized compliance efforts. The firm has invested over £40 million to adapt its systems for Indian regulations—a market-specific customization unmatched in its other global operations.

Initial access will prioritize 350,000 waitlisted users before broader rollout, with ambitious targets of 20 million Indian customers by 2030. The service leverages integrations with both UPI for domestic transactions and Visa's network for cross-border payments.

This expansion comes as Revolut eyes potential acquisitions in the US and Middle East, signaling intensified competition in global fintech markets. The India launch positions the company to capitalize on the country's rapid digital payments adoption and evolving financial infrastructure.