UK-based financial technology company Revolut is set to launch operations in India in the coming months as part of its global strategy to expand to 100 million customers by mid-2027. The announcement was made during the inauguration of the company’s new global headquarters in London this week.

India Entry With Hyper-Localisation Strategy

Paroma Chatterjee, CEO of Revolut India, stated that the company’s entry into the Indian market is supported by a hyper-localisation model designed specifically for Indian consumers. Unlike its presence in other markets, India is the only country where Revolut has made significant investments to localise its entire technology stack. The company has worked closely with the Reserve Bank of India (RBI) to secure the necessary approvals for both domestic and international payments on a unified platform.

“What Revolut aims to deliver in India is a unique one-stop solution that will redefine how people manage money,” said Chatterjee at the sidelines of the London launch event.

High Demand Even Before Official Launch

Despite not making any major announcements, Revolut has already built a strong demand in India with over 350,000 people on its waitlist. Chatterjee highlighted that the app will be the first in India to offer both foreign exchange and domestic transactions on the same platform. She further noted that Revolut will roll out prepaid cards loaded with exclusive benefits, targeting tens of millions of users who are currently outside the traditional credit card ecosystem.

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Major Investment and Talent Hub in India

Earlier this year, Revolut secured licences for foreign exchange (forex) and domestic UPI transactions. The company has also established India as its largest talent hub worldwide, employing over 3,500 people after an upfront investment of USD 45 million.

Global Expansion Roadmap

At its London headquarters launch, Revolut confirmed that it had already surpassed 65 million customers globally. The fintech giant has now set its sights on reaching 100 million customers by mid-2027, fuelled by expansion into more than 30 new international markets, including India, by 2030.

UK Seeks to Attract Global Talent

Speaking at the launch, UK Chancellor Rachel Reeves stressed Britain’s commitment to making the country a global talent destination. “While President Trump announced late last week that it will be harder to bring talent to the US, we want to make it easier to bring talent to the UK,” Reeves said. She highlighted efforts to expand global talent and high-potential visa routes, signalling a more open approach in contrast to the tightening of the H1-B visa route in the US.

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What is Revolut, and Why Does India Matter?

Revolut is one of the world’s fastest-growing neobanks, headquartered in the UK. It provides digital-first financial services such as multi-currency accounts, prepaid cards, money transfers, budgeting tools, stock trading, and cryptocurrency investments—all within a single app.

Why is India important for Revolut?
India is not only one of the largest digital payments markets but also home to a massive population underserved by traditional credit cards. By offering UPI integration, forex services, and prepaid cards, Revolut aims to tap into this rapidly growing market. Additionally, India has become Revolut’s largest talent hub with over 3,500 employees, making it central to the company’s global operations.