Revolut, the UK-based fintech juggernaut, has started onboarding select users in India from a waitlist that has swelled to roughly 450,000 people. The beta rollout, which kicked off quietly in mid-May 2026, is the opening act before a broader launch planned for the second quarter of this year.
India’s digital payments landscape is projected to exceed $10 trillion by 2026, making it one of the most attractive fintech battlegrounds on the planet.
What Revolut is building in India
The initial product offering centers on domestic and international payments. Revolut has integrated with India’s Unified Payments Interface alongside Visa for card-based transactions. This is powered by a prepaid payment instruments license from the Reserve Bank of India, which Revolut secured in 2025. That license allows the company to offer prepaid wallets, cards, and UPI integration.
The waitlist is still growing at a clip of 400 to 500 new signups per day. Revolut has set an ambitious target: 20 million users in India by 2030 and more than $7 billion in transaction volume processed within the country.
